BNPP sees EUR/USD moving to 1.23 in 3M, cites ECB tightening policy as main driver - ConsultFX

BNPP sees EUR/USD moving to 1.23 in 3M, cites ECB tightening policy as main driver

Market commentary by BNP Paribas That's a bit more hawkish than what the market is currently expecting with regards to the ECB rate hikes. The market is expecting the ECB to hike rates, but majority are expecting a 10 bps rate hike as early as June 2019 but more realistically during Q3 2019.