Global economic outlook: Stressed
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Bank of America | Bearish | 1.1200 |
ANZ | Bearish | 1.1400 |
UOB | Bullish | 1.1565 |
From the original
Economic Outlook Global economic outlook: Stressed 12-05-2022 The Russian assault on Ukraine, very high inflation and China’s lockdowns imply a high degree of uncertainty in the global economy and take the growth forecasts somewhat lower for 2022. Despite the downside risks to th
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The desk interprets the evolving geopolitical landscape and its implications for FX markets, emphasizing that 2022 is shaping up to be defined by a new world order influenced by the Ukraine-Russia conflict and China's ongoing zero-COVID policies. Per the full note from Standard Chartered, this environment is characterized by rising volatility, interest rates, and prices, which are likely to impact currency valuations significantly. With the consensus target for EUR/USD at 1.075, traders should be vigilant about how these macroeconomic shifts play out in the coming months.
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