Fragility of Euro area economy to be a headwind for the EUR in the coming months – Danske Bank

📆 7/27/2023 5:59 PM
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Fragility of Euro area economy to be a headwind for the EUR in the coming months – Danske Bank EURUSD Eurozone Growth

Relative strength of the US economy to weigh on the EUR/USD in the coming months

Overall, we maintain our strategic case for a lower EUR/USD based on relative terms of trade, real rates and relative unit labour costs. In the near-term, continued data dependence from both the Fed and the ECB will likely keep EUR/USD jumpy around US and Euro area data releases in the next couple of months.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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