- Analytics
- News and Tools
- Market News
- EUR/USD will only recover once market can be certain that the ECB hikes in the autumn – Commerzbank
EUR/USD will only recover once market can be certain that the ECB hikes in the autumn – Commerzbank
Has the euro bottomed now? In the view of analysts at Commerzbank, we cannot necessarily assume that.
Downside risks dominate
“First of all, the risk of an energy crisis putting pressure on the euro zone economy has not yet been overcome. Secondly, the market might react to the ECB’s hesitant approach towards fighting inflation and put pressure on the euro accordingly.”
“At some point in time, the market can presumably be certain that the ECB is likely to hike its key rate in the autumn. However, the euro will only be able to recover once there is increasing certainty. At the moment the market does not have this certainty so downside risks dominate in the euro.”
© 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
