The Euro remains supported by ECB officials fighting speculation of a 25 bps hike. S&P Global Manufacturing and Services PMI surveys will likely be a reality check for the strength of the shared currency, economists at ING report.
Reality check
“Given that part of the recent EUR strength has relied on a re-rating of growth expectations in the Eurozone thanks to lower energy prices, today’s PMIs will likely be a reality check on the sustainability of this driver for the common currency.”
“It will now take quite a good deal of positive news to push another big idiosyncratic Euro rally. It seems more likely that EUR/USD could test 1.1000 on the back of rising market risk appetite weighing on the safe-haven Dollar if anything.”
“At the same time, the effective pushback by ECB officials against speculation around 25 bps hikes is likely limiting downside risks for the pair.”
See – EU PMI Preview: Forecast from three major banks, rising from the ashes
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發