EUR/USD forecast to hit 1.1800 - 'sooner than we think'

TD are forecasting EUR/USD to 1.18. Its their year-end target but say the target could be hit "possibly sooner than we expect."

Say the ECB is dovish, forecast 10bp depo rate cuts in Sep and Dec.

• And that forward guidance from the bank will stronger

"Our more dovish outlook for the ECB may not be positive driver for the currency, we think the USD will suffer more from the aggressive Fed policy path we expect."

I posted earlier on gss Goldman Sachs view of the euro:

• Goldman Sachs on what favours the euro higher in the short term