EUR/USD: Euro set to depreciate towards the end of the year – NBF

EUR/USD has seen some movement in the first two months of the year but remains relatively rangebound between the 1.0750 and 1.1000 levels. Economists at the National Bank of Canada analyze the pair’s outlook.

Some volatility for the Euro expected over the next quarters

We expect some volatility for the Euro over the next quarters, especially as both the Federal Reserve and the European Central Bank policy paths become clearer. 

Nonetheless, we see the common currency depreciating towards the end of the year.