Berenberg Forecast: Long-Term Dollar Vulnerability, Buy EUR/USD Dips on 1.13

  • The Euro to Dollar (EUR/USD) exchange rate hit 43-month highs above 1.16 late last week before a retreat to near 1.1500 amid ongoing Middle East tensions and a jump in oil prices. Berenberg sees scope for a dollar recovery over the next few months with EUR/USD retreating to 1.13, but expects longer-term depreciation with EUR/USD at.