Currency experts are turning bullish on the euro as Europe looks to hold off a recession
Publishing timestamp: 2023-01-11 10:37:48
Summary
Analysts are turning positive on the outlook for the euro, as incoming data trends suggest a need for continued hawkishness in Frankfurt and potential cooling of rate hikes in Washington. This would be positive for the euro, as it would close the interest rate gap between the U.S. Federal Reserve and the European Central Bank. Additionally, the economic threat posed by sky-high energy prices in the euro zone has also faded.
Sentiment: POSITIVE
Keywords: investment strategy, dxy us dollar currency index, eur/usd, u.s. economy, currency markets, wall street, business news, markets, deutsche bank ag, central banking,
Source: https://www.cnbc.com/2023/01/11/experts-bullish-on-euro-as-europe-looks-to-hold-off-a-recession.html