EUR/USD: Euro strength of the next few months should not last – Commerzbank EURUSD Fed ECB Banks
We see upside potential for the Euro against the USD in the short term. In our view, the Fed is likely to cut interest rates again at the beginning of next year, whereas the ECB is likely to hold on to the interest rate level it will soon reach. This makes the ECB policy appear more attractive for the time being.
In the long run, however, it will turn out that the ECB has less control over inflation because it acts less decisively than the Fed. Therefore, the likely Euro strength of the next few months should not last.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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