Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
16 December 2022 | Other

Danske Bank: Euro will fall against the dollar in 2023

EURUSD

According to the forecasts of Danske Bank economists, the euro/dollar pair is expected to fall next year.

The U.S. Federal Reserve (Fed) raised its interest rate by 50 basis points on Wednesday, as forecasted. Comments made by the Fed after the hike indicate that the rate is likely to hit higher than 5% next year. The projected rate range is 5–5.25%.

Despite Powell's assurance that the Fed takes into account short-term volatility in financial conditions, Danske Bank believes that easing is still driven by high inflation risks.

Danske Bank economists note the presence of the possible U.S. dollar upside risks in the near future. And since the leading role in maintaining restrictive financial conditions has been given to the U.S. dollar, Danske Bank forecast is reasonable. 

Company MarketCheese

Recommended

United States. Michigan 1-Year Inflation Expectations. The value of the indicator has increased from 4.6% to 4.7%
Today at 3:00 PM
Germany. Germany Trade Balance. The value of the indicator has decreased from €16.9B to €15.3B
Today at 7:00 AM
United States. Atlanta Fed GDPNow. The value of the indicator remained at the same level of 4%
Yesterday at 5:24 PM
European Union. Retail Sales (YoY). The value of the indicator has decreased from 1.6% to 1%
Yesterday at 10:00 AM
European Union. Retail Sales (MoM). The value of the indicator remained at the same level of -0.1%
Yesterday at 10:00 AM
Top news
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 4%
Yesterday at 12:00 PM
European Union. Retail Sales (MoM). The value of the indicator remained at the same level of -0.1%
Yesterday at 10:00 AM
Australia. RBA Interest Rate Decision. The value of the indicator remained at the same level of 3.6%
4 November
United States. ISM Manufacturing PMI. The value of the indicator has decreased from 49.1 to 48.7
3 November
European Union. Manufacturing PMI. The value of the indicator remained at the same level of 50
3 November
All news

Forecasts

GBPUSD sell
Period: 31.12.2025 Expectation: 1000 pips
Selling GBPUSD following yesterday’s BoE meeting
TA Other FA Other
Today at 10:30 AM 25
Bruce_Powers
Brent sell
Period: 21.11.2025 Expectation: 300 pips
Brent crude pulls back and gives up its previous gains
FA Other Indicators Chart analysis
Today at 08:31 AM 23
Tom_Kern
GBPUSD sell
Period: 10.11.2025 Expectation: 1300 pips
Selling GBPUSD down to 1.30160
TA Other FA Other
Yesterday at 10:28 AM 25
Bruce_Powers
Natural gas buy
Period: 14.11.2025 Expectation: 300 pips
Golden cross signals potential gas rally
FA Other Indicators Chart analysis
Yesterday at 08:51 AM 66
John_Bullard
USDCAD buy
Period: 11.11.2025 Expectation: 600 pips
USDCAD is poised to test six-month high at 1.417
FA Other Indicators Chart analysis
05 November 2025 53
Tom_Kern
GBPUSD sell
Period: 30.04.2026 Expectation: 11000 pips
GBPUSD selloff on weaker UK economic data
Wave analysis FA Other
05 November 2025 30
Bruce_Powers
Go to forecasts