Also cuts their forecast on the Canadian dollar
- Sees EUR/USD at 1.20 by end-2018
- Previous forecast at 1.25
- Sees EUR/USD at 1.23 in Q2 2019
- Now sees USD/CAD at 1.27 by end-2018
- Previous forecast at 1.24
For the loonie, they cited trade tensions were the reason for the revision. This is the second cut that the firm has made on their EUR/USD forecast this year. In March, they saw the pair ending the year at 1.29 before cutting that forecast to 1.25 - and now to 1.20.
Economists, eh?
