HSBC forecasts EUR/USD to zero.99 by the tip of 2025

ECB board member Isabel Schnabel spoke on Wednesday, not so dovishly:

• principally factors to a 25 bps price reduce greater than the rest as she dismissed the chance of transferring sooner by saying she would like one thing extra “gradual”

Extra right here too:

• clearly pushing again in opposition to the aggressive price cuts expectations

HSBC’s take is analogous, noting Schnabel prefers a gradual strategy to interest-rate cuts.

HSBC go on:

• “Whereas we expect the ECB will reduce by 25bp in December, offering near-term help to the euro, rising unemployment indicators pose a much bigger danger for 2025”

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HSBC forecasts EUR/USD to zero.99 by the tip of 2025.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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