Rabobank Lays Down EUR/USD Forecast Bets with Softer Dollar Projections

The Euro to Dollar (EUR/USD) exchange rate has been on the rise in August, up roughly 1.15% from its starting point. By mid-week, it even reached as high as 1.1711. However, Rabobank has responded by adjusting their forecasts, softening their Dollar predictions and raising their one-to-three-month EUR/USD projection to 1.16 from 1.15.

This change might seem minor at first glance since the spot price is already above 1.16. But the more significant alteration lies in Rabobank's longer-term target, which they have brought forward to next spring. They now predict the EUR/USD rate will reach 1.18 by then.