Goldman Sachs raised its forecast for the EURUSD pair in the coming period, as it is expected to reach 1.25 levels in 12 months against the previous forecast at 1.17. The investment bank also anticipates a rise to 1.15 levels within three months, and to 1.20 levels within six months.
The analysts added that the Coronavirus crisis has demonstrated the resilience of EU infrastructure, in particular its health sector, in stark contrast to the US, where the virus is still spreading, with several states facing a return to lockdown measures.
