What Deutsche Bank sees for interest rates and foreign exchange in 2024 ...Middle East

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What Deutsche Bank sees for interest rates and foreign exchange in 2024
Analysts at Deutsche Bank don't see the Federal Reserve cutting rates until June 2024 but they see swift easing in the final five meetings of the year, with rates falling by a cumulative 175 basis points next year.That's a highlight of "The House View" report released today.The key themes related to foreign exchange are:EUR/USD Forecasts: DB anticipates that EUR/USD will remain in a range in 2024 and a slow rise to 1.10 by Q4 2024. This projection is based on the assumption of coinciding easing cycles by the Federal Reserve and the European Central Bank around the middle of 2024 with the ECB ultimately cutting by 100 bps.Market Dynamics and Influencing Factors: The report suggests that an e

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