- Analytics
- News and Tools
- Market News
- EUR/USD: Risks for the euro pointing downwards – Commerzbank
EUR/USD: Risks for the euro pointing downwards – Commerzbank
We will have to wait and see what exactly the US and the EU will decide today and tomorrow in terms of further measures and sanctions against Russia. The US is expected to announce additional sanctions but the EU is not looking to introduce big new sanctions. All in all, the euro is set to remain under pressire, economists at Commerzbank reprot.
Times remain difficult for the euro
“The fact that the US wants to reach an agreement with the EU that will reduce the latter's dependence on gas supplies from Russia possibly indicates that the pressure on the EU to sanction energy supplies from Russia is increasing, which several EU states are still resisting. They would probably prefer only a sharpening of existing sanctions.”
“Russia can drive up the price of energy and hurt the EU economy badly, even if it continues to supply gas. I would therefore think that with each new sanction, the risk of an energy price shock increases, which would hit the EU economy and thus the euro harder. Hence, the risks remain on the downside for the euro for now.”
© 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
