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5 May 2015
Snapshot FX forecasts - BAML
FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch gave a snap shot of key currency pairs.
Key Quotes:
"Although some data have sagged, we continue to look for a decent H2 US recovery, upside for the USD, and higher US yields."
"Our core forecasts are unchanged, as we look for parity for EUR/USD, 6.36 for USD/CNY, and the US10y rate at 2.35% by end-15."
"Since last month, for commodities, we have changed our near-term oil price outlook, but left year-end targets unchanged."
"Muddled "grey" scenarios typify likely outcomes from current elevated Greek worries, but similar muddled outlooks are also typical in the global macro picture, including the timing of Fed hikes and further central bank easing around the world."
"Continuing to look for EUR/USD parity at end of year."
"Our forecast remains the same among the major currencies, including our year-end targets of parity for EUR/USD and 123 for USD/JPY."
"Our only change is in USD/CAD, where we lower targets but still look for Canadian dollar weakening."
Key Quotes:
"Although some data have sagged, we continue to look for a decent H2 US recovery, upside for the USD, and higher US yields."
"Our core forecasts are unchanged, as we look for parity for EUR/USD, 6.36 for USD/CNY, and the US10y rate at 2.35% by end-15."
"Since last month, for commodities, we have changed our near-term oil price outlook, but left year-end targets unchanged."
"Muddled "grey" scenarios typify likely outcomes from current elevated Greek worries, but similar muddled outlooks are also typical in the global macro picture, including the timing of Fed hikes and further central bank easing around the world."
"Continuing to look for EUR/USD parity at end of year."
"Our forecast remains the same among the major currencies, including our year-end targets of parity for EUR/USD and 123 for USD/JPY."
"Our only change is in USD/CAD, where we lower targets but still look for Canadian dollar weakening."