BNP Paribas Markets 360 Predicts Euro Will Decline to Parity Against Dollar by 2025

Forex - Sam Lynton-Brown from BNP Paribas (EPA:BNPP) stated that the Euro is expected to continue to decline against the dollar and reach parity by 2025. Lynton-Brown, the global head of macro strategy, noted that the French bank anticipates further monetary policy divergence between the Fed and the European Central Bank. The bank predicts that while the Fed will only cut rates once more, the ECB is expected to implement five rate cuts during the current cycle, including the expected reduction today. The Euro rose by 0.2% to $1.0515.