- Analytics
- News and Tools
- Market News
- USD strength fueled by the presumption of US economic exceptionalism has yet to dissipate – Commerzbank
USD strength fueled by the presumption of US economic exceptionalism has yet to dissipate – Commerzbank
It makes sense that the currency market reacted to Wednesday's European and UK PMIs with EUR weakness and even more GBP weakness, but then reacted to the US PMIs with USD weakness. Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes what are the PMIs telling the forex market.
USD correction is correct, but not enough
Wednesday afternoon the FX market corrected the part of the USD strength that came after the PMI releases on this side of the Atlantic. This is correct, but not enough, I think.
Much of the earlier USD strength had already been fueled by the presumption of US economic exceptionalism. That too has yet to dissipate.
© 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
