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Felicia Tan
in
Forex
July 30 20:31

Societe Generale: the euro will only grow in the coming years and reach 1.33

Europe's common fiscal policy favours the euro's growth
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The EU Coronavirus Recovery Fund is paving the way for further strengthening of the euro against the dollar in the coming years, Societe Generale says.  

EUR/USD averaged 1.33 in the first five years of the 2010s before the European Central Bank switched to quantitative easing and negative interest rates. Since then it has averaged 1.13, the expert said. EUR/USD rose by 0.1% to 1.1732 on Wednesday.