{"id":195866,"date":"2023-11-18T06:57:46","date_gmt":"2023-11-18T01:27:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=195866"},"modified":"2023-11-18T06:57:46","modified_gmt":"2023-11-18T01:27:46","slug":"eur-usd-to-trade-at-lower-levels-on-a-6-12m-horizon-danske-bank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-to-trade-at-lower-levels-on-a-6-12m-horizon-danske-bank-crypto-news\/","title":{"rendered":"EUR\/USD to trade at lower levels on a 6-12M horizon \u2013 Danske Bank &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>EUR\/USD has rallied over the past month with the cross breaching the 1.08 mark. Economists at Danske Bank analyze the pair\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Further upside potential in the near-term<\/h2>\n<blockquote>\n<p>We maintain the strategic case for a lower EUR\/USD based on the relative terms of trade, real rates (growth prospects), and relative unit labour costs.<\/p>\n<\/blockquote>\n<blockquote>\n<p>We continue to expect a downward trajectory over the next 6-12M.<\/p>\n<\/blockquote>\n<blockquote>\n<p>In the near-term, we still believe there is further upside potential for the cross, primarily due to weaker-than-expected US economic data and a generally positive risk appetite. However, escalating geopolitical tensions pose a risk to our near-term prediction of a weaker USD.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Forecast: <strong>1.10<\/strong> (1M), <strong>1.09<\/strong> (3M), <strong>1.06<\/strong> (6M), <strong>1.04<\/strong> (12M)<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD has rallied over the past month with the cross breaching the 1.08 mark. Economists at Danske Bank analyze the pair\u2019s outlook. Further upside potential in the near-term We maintain the strategic case for a lower EUR\/USD based on the relative terms of trade, real rates (growth prospects), and relative unit labour costs. We [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,433,255,250,252,247,253,385,249,334,256,254],"class_list":["post-195866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-riskappetite","tag-safe-moon","tag-unitedstates","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=195866"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195866\/revisions"}],"predecessor-version":[{"id":195867,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195866\/revisions\/195867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8461"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=195866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=195866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=195866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}