Longterm forecasts for the euro change all the time, affected by news events and relative sentiment towards the overall Eurozone economy. This continually updated article reviews EUR bank forecasts and popular cross-rate trends.
There will be a close eye kept on Eurozone inflation data on October 29, any upside surprise could support the euro.
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You can also read our full Foreign Exchange Guide to the Eurozone.
The pound sunk in late September to but has recovered after Boris called the army out to drive the fuel trucks.
The outlook for the pound for October is very uncertain due to rising inflation, slowing growth and unemployment, the combination of which could create a nightmare scenario for the Bank of England Monetary Policy Committee.
OFX predict the GBP could range between 1.14 – 1.18 EUR in October.GBP-EUR Outlook
Changing expectations around US Federal Reserve policy and a less positive outlook for global growth have weighed on the Aussie to Euro rate this year.
However, increased gas prices heading into the northern winter have helped the AUD/EUR rate to rise back above the 0.63 level.AUD-EUR Outlook
CAD/EUR has risen to 0.69 as the energy crisis hurts the euro and helps the gas and oil exporting Canadian dollar. CAD-EUR Outlook
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.