EUR/USD to grind lower from 1.18 to 1.12 in the next year – SocGen

Although the EUR/USD is set to appreciate in the medium-term, economists at Société Générale expect the world’s most popular currency pair to plummet from 1.18 to 1.12 in 2022.

EUR/USD to appreciate in the medium-term

“Medium-term, we expect the EUR/USD to appreciate.”

“We see the pair depreciating from 1.18 to 1.12 next year, due to quicker changes from the Fed (tapering and rate hikes).”