Euro seen falling to 1.05 to the US dollar by year-end: BofA

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Apr 12, 2024MUFG: Euro-Dollar Trend Heading Towards 1.05+1.1%
• Oct 14, 2024US dollar climbs to 10-week peak; euro, China's yuan fall+1.2%
• Dec 15, 2016Euro tumbles to near 14-year low against US dollar+1.6%
• Aug 1, 2022Euro Falls to Equal the U.S. Dollar for the First Time in 20 Years (Published 2022)+0.5%
• Nov 13, 2024Why is the euro falling and could it hit $1?-0.3%

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Apr 12, 2024MUFG: Euro-Dollar Trend Heading Towards 1.05-0.6%
• Dec 15, 2016Euro tumbles to near 14-year low against US dollar-2.2%
• Aug 1, 2022Euro Falls to Equal the U.S. Dollar for the First Time in 20 Years (Published 2022)-0.3%
• Nov 13, 2024Why is the euro falling and could it hit $1?-0.2%
• Oct 29, 2018U.S. Dollar Looks Intent on Rallying into Year-End-0.1%