Societe Generale: The Euro to US Dollar Exchange Rate may take some time to recover.

On December 27, Jinshi data reported that Kit Chukes, a forex strategist at Societe Generale, said in a report that due to the unfavorable short-term interest rate differential, it may take some time for the euro to dollar exchange rate to recover. He said that Societe Generale’s interest rate forecast shows that in the first half of 2025, the euro to dollar exchange rate will fluctuate within the range of 1.03-1.06 dollars and will only rebound to 1.10 dollars in the second half of the year. Factors such as possible improvement in the eurozone economy, signs of fatigue in the US economy, and clarification of the policies of US President-elect Donald Trump may help the euro before the summer of 2025. However, he said, ‘We need to be patient.’