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01 Oct 2024

Bank of America: The EUR/USD may reach this level by the end of the year

Bank of America (NYSE:BAC) released a research note on Tuesday outlining its expectations for the EUR/USD currency pair performance through the end of the year. The American bank predicts that the EUR/USD will close the year at the 1.12 level. However, despite nearing Bank of America's target, the pair has limited upside potential and may fall short of this target. The bank also suggested that the EUR/USD could rise again in 2025, potentially reaching 1.15 by the second quarter of the upcoming year

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