- Analytics
- News and Tools
- Market News
- EUR/USD: ECB Doves to keep the euro under pressure – CIBC
EUR/USD: ECB Doves to keep the euro under pressure – CIBC
Economists at CIBC Capital Markets expect the doves on the European Central Bank (ECB) Governing Council to remain in the driver's seat. Consequently, the shared currency is set to remain under pressure.
Absence of uptick in wages data points towards EUR shorts being rebuilt as EUR/USD heads towards 1.10
“The market is currently pricing in around 18bp of tightening by year-end, as market-rate assumptions have advanced by around 20bp over the last couple of months. We remain unconvinced of the risk of early ECB action, and see a more resolutely dovish central bank as likely to keep the euro under pressure.”
“The failure to breach the mid-point of the trading range seen over the last two years at 1.1492 supports our notion of EUR weakness.”
“The absence of an uptick in wages data points towards EUR shorts being rebuilt as the currency heads towards 1.10 and levels not seen since Q2 2020.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
