Societe Generale Maintains Bearish EUR/USD Outlook on Energy Shock Repricing

The Euro continues to face significant downward pressure against the US Dollar, driven by energy supply risks and escalating geopolitical tensions. In a recent update, Societe Generale maintained its bearish bias for EUR/USD, specifically attributing the trend to the ongoing "repricing of energy shocks" within the market. The bank suggests that economic uncertainty across the Eurozone is diminishing the single currency's attractiveness relative to the Greenback. Meanwhile, the US Dollar continues to benefit from its safe-haven status as global risks drive capital flight toward more stable assets. Energy shocks are directly impacting industrial productivity and inflation within the Eurozone, further dampening the macroeconomic outlook. Analysts warn that the EUR/USD exchange rate remains vulnerable to further depreciation as these structural and geopolitical pressures persist.

Sources:investing.commufgresearch.comrobinhood.comexchange-rates.orgfred.stlouisfed.orgbsp.gov.phfxstreet.commitrade.comtmgm.commarketdataforecast.comtradingview.comin.marketscreener.com