Nomura International's head of G10 FX strategy, Dominic Bunning, believes that back-to-back interest rate hikes by the European Central Bank (ECB) could boost the euro.
This, he says, could help the euro reach Nomura's year-end target of $1.20.
The ECB has been tightening monetary policy in recent months, and a further increase in interest rates could attract investors to the euro.
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