Further appreciation potential for the Euro is limited – Commerzbank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Economists at Commerbznka believe that the Euro has little scope to strengthen.
“The market seems to see little scope for the ECB to deviate from the course set by the Fed. This would lead to a weaker Euro and thus to new inflationary impulses, which the euro area cannot afford in view of the still seriously high inflation.”
“We now see the market more in line with the hawkish comments from the ECB. However, this also means that further appreciation potential for the Euro is limited.”
[/s2If]
Join Our Telegram Group
