EUR/USD to climb toward 1.14 by late 2024 – Wells Fargo

Economists at Wells Fargo still see potential for moderate gains in the Euro over the medium term.

Slower pace of rate cuts from the ECB relative to the Fed in 2024

We forecast a resumption of modest Eurozone economic growth over time, and a much slower pace of rate cuts from the European Central Bank, relative to the Fed in 2024. 

Against this backdrop, we forecast the Euro to strengthen to 1.15 by late 2024.

See: EUR/USD to finish the year around 1.13 – TDS