Commerzbank Cuts EUR/USD Year-End Forecast to 1.15 on Fed Credibility

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Commerzbank lowered its year-end EUR/USD forecast to 1.15 from 1.17, according to Thu Lan Nguyen. Nguyen noted that the Fed's unanimous September rate hike has temporarily restored its credibility and supported the Dollar, weighing on the euro. The revision reflects the bank's view that the Fed's decisive action has bolstered the greenback's appeal.

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Financials▲ · 1 stocks
Commerzbank AG
CBK
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Commerzbank lowered its EUR/USD year-end forecast to 1.15 from 1.17, an analyst forecast revision rather than a direct financial event for the bank.

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💱Euro/US Dollar FX Spot Rate
EURUSD
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Fed's unanimous September rate hike restored credibility and supported the Dollar, weighing on the euro; Commerzbank cut EUR/USD year-end forecast to 1.15.