Forecast for EUR/USD back to parity by end of 2023 due to deteriorating EU economy

Excerpt via Capital Economics on their EUR/USD view: We expect the euro to weaken significantly as a result of further deterioration in economic activity USD to strengthen, says Capital Eco, citing its pessimistic outlook for major advanced market economies (including the US and the Eurozone) suggesting the USD will strengthen against most FX on risk-off […]