Euro to benefit from the ECB’s pronounced hawkish determination – Commerzbank
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The Euro was able to appreciate particularly significantly against the Swiss Franc yesterday, but also against the Swedish Krona. Economists at Commerzbank expect the shared currency to thrive amid attractive ECB monetary policy.
“The many hawkish comments across the typical dove and hawk camps within the ECB seem to have made a difference. If the ECB stands by its comments, its immediate monetary policy direction is likely to be quite attractive.”
“Between ‘possibly not quite determined enough’ and ‘“already foreseeably successful’ the ECB is currently occupying a sweet spot by European comparison, in which the Euro is able to benefit from the ECB’s pronounced hawkish determination.”
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