- Analytics
- News and Tools
- Market News
- EUR/USD: Macro backdrop remains Euro-positive – HSBC
EUR/USD: Macro backdrop remains Euro-positive – HSBC
Economists at HSBC expect a stronger EUR in the months ahead.
EUR may take its cue from risk appetite over the near term
With both central banks taking a data-dependent approach, monetary policy divergence may not drive EUR/USD in the weeks ahead. Instead, FX may take its cue from risk appetite which, in turn, may hinge on whether the data in the US and elsewhere supports a global ‘soft landing’.
The EUR has faced some cyclical challenges, but history suggests that downside data surprises are unlikely to persist to the same extent as they have over the last few months. The EUR could also benefit from an improving broader macro backdrop in the Eurozone. For example, there has been a rapid turnaround in the current account position, which dipped into deficit territory in 2022 but is now improving sharply.
© 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
