Goldman Sachs still expect parity in EUR/USD

The forex strategists of Goldman Sachs revised upwards their forecast for the euro, but still expect it to reach parity with the dollar in the next 12 months.
However, the downward movement will not be as steep as it was assumed before the meeting of the European Central Bank in early December.

From Goldman Sachs reviewed quarterly expectations for EUR/USD of $1.02 to $1.07, semi - from $1.00 to $1.05, and 12-month - from $0.95 to $1.00.

In EUR/GBP quarterly, six-month and 12-month forecast was revised from £0.69 of £0.71, from £0.67 of £0.70 and £0.65 of £0.68. At the end of 2017 the expected level is £0.65, instead of the previously computed £0.57.

In EUR/CHF the forecast for the end of 2017 has been revised upwards by SFr1.10 to SFr1.15.