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Goldman Sachs discusses its new forecasts for EUR/USD.
“We are revising up our 3- and 6-month EUR/USD forecasts to 1.05 (from 1.02 previously) to account for the recent deterioration in the US growth outlook and less favorable tightening mix for the Dollar,” GS notes.
“And, we are maintaining our 12-month EUR/USD forecast at 1.10; we expect that still-limited economic slack and rising recession risks cut against more meaningful Dollar downside,” GS adds.