By Areena FxRecently, the US Dollar (USD) experienced a downturn but has since rebounded, according to analysts at Westpac. Their assessment includes an analysis of the Euro (EUR), Pound Sterling (GBP), and Swiss Franc (CHF) against the USD.
By the end of 2025, it is projected that the CHF will only see a modest gain of 3.0%. However, the forecast for both the EUR and GBP against the USD remains positive. Specifically, Westpac expects the EUR/USD pair to reach 1.1400 by the end of 2024 and 1.1700 by the end of 2025. Similarly, they anticipate GBP/USD to rise to 1.2900 by the end of 2024 and 1.3100 by the end of 2025.
Given its safe-haven status, the CHF has already seen some benefits, with an expected gain of just 3.0% by the end of 2025.