BANK OF AMERICA: EURODOLLAR MAY REACH THIS LEVEL BY THE END OF THE YEAR!
Current Target: Bank of America expects the Eurodollar (EUR/USD) to reach $1.12 by the end of this year.
Limited Growth: With the Eurodollar close to this target, there's not much more room for it to rise, and it might even fall slightly.
Future Prediction: The Eurodollar could rise to $1.15 by the second quarter of 2025.
Interest Rates Impact: Both the US Federal Reserve and European Central Bank are expected to cut interest rates in 2024, which has already been factored into the market.
Dollar Weakening: The US dollar may weaken due to expected monetary policy easing from the US Federal Reserve.
