Deutsche Bank expects EUR/USD parity by end 2015
The bank changes its year-end forecast from 1.05 to 1 and predicts pair to hit 0.90 by 2016 and 0.85 by 2017
Deutsche Bank has revised down its year-end EUR/USD forecast from 1.05 to 1. The German firm is calling for further euro weakness against the dollar, on the back of the quantitative easing programme (QE) just initiated by the European Central Bank (ECB), coupled with the trillions of portfolio outflows set to leave the eurozone over the next few years.
This downward trend is set to last for at least two years, pushing the pair well below parity. Deutsche Bank expects to see EUR/USD trading at 0
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