EUR/USD: Vulnerable to downside risks to Euro Area activity – Goldman Sachs

Analysts at Goldman Sachs cut their forecasts for EUR/USD, now seen at 1.1400 and 1.1600 over the next three and six months respectively.

Key quotes

“Unless the upcoming preliminary PMIs show significant upside surprises.”

“We would expect markets to remain focused on downside risks to Euro Area activity. “

“We are therefore revising our 3m and 6m EUR/USD forecasts.”