JPMorgan forecasts for a lower euro in the first part of next year, looking for:
- 1.11 in Q1
- rebound in H2 to 1.18 by year end 2019
Citing:
- US economic growth seen slowing "materially" in 2019, fiscal boost fades, Fed tightineing impacts
- European growth to be higher than US, ECb to hike late 2019
- Euro should deliver a spring inflection point higher as focus turns to the ECB in H2
-
JPM is looking for a further 5 rate hikes from the Fed through end 2019
