THE recovery in the 19-strong euro area is continuing but it is nothing to write home about.
Recently released data show that the Eurozone economy defied expectations at the.Indeed inflation figures the other day were once again on the low.Market Commentary 19187 April, 2015 Data: The 12 month forecast for the Euro is in the table at the top of this page.
Latest change in this rate has been made during December last year when Fed Funds rate has been increased to 0.5%. This was important moment considering that FED has finally changed its course from quantitative easing to discussions on course of increasing interest rates.
Global financial crisis which started during 2008 has its repercussion effect until present days.In Canada, our forecast has been increased to 2.6% in 2017 following the strong first-quarter data. Euro zone 1.2 1.6 1.7 1.7 1.9 1.1 1.4 1.7.Both measures up to current days did not give significant results, pushing Euro the level of 1.05 against Dollar as of the last quarter of 2015.
However, with inflation forecasts for May showing that core inflation rose just 0.9%, the ECB had to manage expectations.Forecasts issued by the National Centers for Environmental Prediction (model documentation) are presented as individual images, or grouped together in two formats: a.However, as the uncertainty surrounding Greece continues we could be in for a another volatile week on Sterling Euro exchange rates.
Having a view from current perspective, fundamentals are not on the side of Euro, considering that ECB quantitative easing did not provide expected results until now.Check FXStreet Forecast, a sentiment poll conducted by FXStreet containing price targets from our dedicated contributors and major banks.
TD Economics. Forecasts. May 26,. Quarterly Economic Forecast.