Back

EUR/USD: Expected correction in the Euro likely to take some time – Commerzbank

On Tuesday, the Dollar appreciated quite a bit and EUR/USD declined below 1.09. Economists at Commerzbank analyze the pair’s outlook.

The market remains on course with its expectations

The market is unlikely to be dissuaded from the view that rate cuts are on the agenda in the near term, given the difficult economic situation and falling inflation.

Without new data pointing to a renewed rise in inflation or a more robust Eurozone economy, the market is unlikely to adjust its current expectations. 

With secondary data due before the next central bank meetings, our expected correction in the EUR is probably likely to take some time.

 

Austria HICP (YoY) meets forecasts (5.7%) in December

Austria HICP (YoY) meets forecasts (5.7%) in December
Read more Previous

The better Dollar/softer risk environment can drag GBP/USD back to the 1.2500 area – ING

The Pound Sterling (GBP) is enjoying a bounce after the December UK Consumer Price Index (CPI) figure came in higher than expected.
Read more Next