JPMorgan raises Q2 euro forecast

JPMorgan originally forecast 1.07 at the end of Q2.

Analysts at JPMorgan now see the pair finishing the quarter at 1.12. They say the US dollar may fall further if the US economy continues to stumble and if the Fed confirms it won't raise rates until 2016.

They continued to see EUR/USD finishing the year at 1.05 and see the pair at 1.03 at the end of Q1 2016.

Most importantly, they see the resumption of the EUR/USD downtrend hinging almost entirely on the US economy and eventual Fed tightening.