While EUR/USD has risen by over 5% so far this year, the exchange rate is still undervalued, according to analysts at Goldman Sachs.
"The pair's longer-run fair value is 1.30, and the single currency is well placed to participate in the broad Dollar weakness," noted Zach Pandl, global co-head of foreign exchange strategy at Goldman Sachs.
Key points
Eurozone domestic markets should benefit from a broad global recovery.
Goldman Sachs' 12-month target is 1.25.
That target could be reached sooner-than-expected on coronavirus vaccine approval and potential Joe Biden victory in the US Presidential elections.
作者：Omkar Godbole，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()