• EUR/USD will not receive any momentum any longer if the ECB follows the Fed – Commerzbank

Notícias do Mercado

31 julho 2023

EUR/USD will not receive any momentum any longer if the ECB follows the Fed – Commerzbank

The European central bankers are copying the behavior of their colleagues in the US. Economists at Commerzbank analyze the implications for the EUR/USD pair.

Equal monetary policies under different circumstances have different effects

If the ECB more or less follows the Fed in its monetary policy that does not mean that EUR/USD will not receive any momentum any longer. Just from a different angle. Because equal monetary policies under different circumstances (inflation, growth, etc.) have different effects.

However, medium-term our EUR/USD projections are nonetheless based on the difference between Fed and ECB: our central bank watchers project that the Fed will soon cut its interest rates again, whereas the ECB will keep rates at the terminal levels for the foreseeable future. That would clearly be EUR-positive.

 

O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos: