The euro is nearing parity with the U.S. dollar for the first time in 20 years, but currency strategists are divided on whether it will get there.
The European Central Bank, by contrast to the Fed and the Bank of England, has yet to raise interest rates despite record high inflation across the euro zone. However, it has signaled the end of its asset purchase program and policymakers have struck a more hawkish tone of late.
"I don't think there's many clients that are going to look back in two to three years and think that buying euro sub-$1.05 was a bad idea," Zief said. "We have not seen evidence of a large build-up in EURUSD short positions on the part of leveraged funds in the data we track, which leads us to believe that the EUR is weak because of a deterioration in underlying core flows."
Deutsche Bank Global Co-Head of FX Research George Saravelos believes a turning point is close. He argued that we are now at a stage where further deterioration in financial conditions"undermines Fed tightening expectation" while a great deal more tightening remains to be priced in for the rest of the world, and Europe in particular.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
13-year-old and 20-year-old seriously injured in buggy crash in Geauga CountyA 13-year-old boy and a 20-year-old female were seriously injured Monday after their Amish horse-drawn buggy was struck by a vehicle in Geauga County, according to the Ohio State Highway Patrol.
Leer más »
20-Minute Broiled Shrimp With Harissa and Beer, No Plate RequiredPlump broiled shrimp, touched with char and bathed in a buttery harissa-spiked sauce. This is one-skillet meal is best eaten right out of the pan, so you can mop up every last drop.
Leer más »
Albane Cleret Celebrates 20 Years of Ruling the Cannes Social ScenePR honcho Albane Cleret’s rooftop venue is known as the nexus of wheeling, dealing and carousing for A-listers at the Cannes Film Festival.
Leer más »
Texas EquuSearch looking for missing 20-year-old man last seen in southeast HoustonTrevor Sullivan is diagnosed with intellectual disabilities and walks with a limp due to a previous injury. He was last seen on May 5 walking on South Sam Houston Parkway.
Leer más »
Morgan Stanley names 5 cheap global stocks — and gives all at least 20% upsideMorgan Stanley analysts have shared their top global stock picks in a choppy market.
Leer más »
TxDOT officials celebrate 20 years of ‘Click it or Ticket’ campaignTxDOT officials are celebrating 20 years of a 'life-saving' campaign.
Leer más »