MARKET OUTLOOK: The Euro's Recovery Against the Dollar May Take Some Time

Forex - Societe Generale currency market strategist Kit Juckes stated that the euro's recovery against the dollar may take some time due to negative short-term interest rate differentials. SocGen's rate forecasts indicate that the euro will trade in the range of 1.03-1.06 dollars in the first half of 2025, and then recover towards 1.10 dollars in the second half. Juckes noted that a potential improvement in Eurozone economic growth, signs of fatigue in the US economy, and the clarification of policies by President-elect Donald Trump could support the euro by the summer of 2025, but added, "However, patience is required."