"We feel more confident about our end-year EURUSD forecast of 1.15 following recent weakness. We see EURUSD strengthening back to 1.19 next year. Our end-2017 call has been based on our expectations for a hawkish Fed and a dovish ECB this fall, which is gradually turning out to be the case. US tax reform is a positive USD risk to our projection," BofAML adds.
In line with this view,