Analysts revise euro projections upward, expecting a gradual rise against the dollar over the next 12 months.
Analysts now forecast the euro to trade at $1.18 in three months, $1.19 in six months, and $1.20 in a year. The projections reflect a slight upward revision from April’s poll, which had expected $1.16, $1.18, and $1.20, respectively.
The adjustments suggest growing confidence in the euro’s strength amid shifting monetary policy expectations and economic recovery trends. The one-year forecast remains unchanged at $1.20, indicating stability in long-term expectations.
No immediate market reaction was reported following the release of the updated forecasts.