Euro Could See Limited Gains Against Dollar from Here

Dow Jones
Aug 24

1330 GMT - The euro could settle into its current range against the dollar after recent gains, Societe Generale's Kit Juckes says in a note. U.S. growth expectations for 2026 have been revised slightly lower to 2.1% while eurozone forecasts have been revised a tad higher to 0.8%, he says. The two-year U.S.-eurozone rate differential is tracking growth expectations and the euro-dollar exchange rate is following, he says. The euro could struggle to extend its recent gains against the dollar unless U.S. growth expectations deteriorate further or there is a another positive catalyst, he says. The euro falls 0.1% to $1.1667 after hitting a three-month high of $1.1711 Friday, according to LSEG.

 

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