Commodity market report
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4 Pages

Euro exchange rate outlook Q3 2015


Euro exchange rate outlook Q3 2015

Report summary

Fundamental drivers for the euro remain weak. Down 13% year-on-year against the dollar at mid-September 2015, the single currency is weighed down by QE and a flare up in the Greek debt crisis. In our view, the euro will tumble to parity with the dollar in 2018 as Greece, and possibly other highly indebted economies of the periphery, exit the single currency in an orderly and managed process.

What's included?

This report includes 2 file(s)

  • Euro exchange rate outlook Q3 2015 PDF - 361.61 KB 4 Pages, 1 Tables, 6 Figures
  • Exchange Rate Forecast Q3 2015 (portal).xls XLS - 116.00 KB

Description

This Exchange Rate Outlook presents Wood Mackenzie's annual bilateral exchange rate forecast to 2035.

Our comprehensive understanding of commodity markets gives us a unique insight into the outlook for commodity currencies.

We forecast bilateral exchange rates by assessing fundamental drivers, including interest rate differentials, relative economic growth rates, productivity of the tradable goods sector, and the current account balance.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary

In this report there are 7 tables or charts, including:

  • Executive summary
    • Exchange rate forecasts
    • USD per EUR
    • EUR Real Trade Weighted Index
    • Eurozone Quarterly Current Account balance
    • Inflation
    • Official Policy Interest Rates
    • 10 Year Government Bond Yields
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Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.