FX Crystal Ball: EUR USD 2023

EUR/USD Forecast 2023 (Bloomberg)

At the beginning of every year, the question arises: How will the markets behave and where will the markets go?

Market analysts from many banks regularly try to answer this question and publish their forecasts on information platforms such as “Bloomberg”. The collected outlooks are published there and we have collected and summarized this year’s EUR/USD forecasts for you.

In order to display market expectations in a representative way, a median (mean value) is calculated from all the forecasts made and this mean value is supplemented by the highest and the lowest forecast. This also allows certain conclusions about the possible trading range of a currency pair.

Bloomberg EUR USD 2023 forecast:

Source: Bloomberg

EUR USD 2023 forecast conclusion

Analysts see little change in the EUR/USD exchange rate over the next few months, so one could argue that we will see the market trading in a range that is yet to be defined. A further conclusion could also be that the market is not expecting any major trends for the first half of the year. The fourth quarter is likely to be more exciting, with the majority of analysts expecting the Euro to rise against the USD.

For more information on the foreign currency exchange market, please feel free to contact our forex experts! You can also check our live currency market overview.

Disclaimer:
Please note that this elaboration was completed on 09/01/2023 11:30 CET.
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