Last week euro fell to the lowest level in 14 months. After positive start of the year, common currency was under pressure of strong dollar and then of crisis in Italy and Turkey, Bloomberg reports.

It seems that currency selloff is over now, and euro may recover due to perspectives of strong growth and easing of political risks in the region, experts of Aviva Investors Global Services think.

Europe's common currency lost more than 3% relative to dollar this year after 14% growth in 2017. As a result, Bloomberg strategists forecast for the end of this year was lowered to $1,18 from $1,27 in March. The latest projection assumes 1,7% increase compared with current level.

Euro grew to the highest level in two weeks on Wednesday ($1,1623) after data showed that wages in euro area rise.

Strategists of JPMorgan Chase & Co. view 2018 as lost year for euro and reduce year-end forecast to $1,12 from $1,20. UBS analytics see euro at $1,20 by December 31.

Aviva looks at current situation with euro as inflection point.