- Analytics
- News and Tools
- Market News
- Euro could get a boost on very strong wage growth – Commerzbank
Euro could get a boost on very strong wage growth – Commerzbank
After the focus has been on the US side for the past two weeks, the Euro side may cause some action today ahead of Thursday's PMIs: the ECB releases its wage indicator for Q4. Economists at Commerzbank analyze how today’s data could impact the EUR.
Euro could suffer further downside pressure if wage data comes in a little lower
If today's wage data comes in a little lower, the Euro could come under further downside pressure. However, the figures would probably have to be quite low for the Euro to fall more sharply. After all, the large number of wage indicators points to a stabilization of wages rather than a sustained trend reversal.
On the other hand, if we see very strong wage growth today, the Euro could get a boost, as the recent statements by ECB officials would probably be viewed with much more doubt.
© 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
