EUR/USD to struggle to rise much further as ECB rate expectations are priced in – Commerzbank

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EUR/USD to struggle to rise much further as ECB rate expectations are priced in – Commerzbank
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EUR/USD to struggle to rise much further as ECB rate expectations are priced in – Commerzbank EURUSD ECB Banks

“Admittedly it is difficult to imagine a significantly more hawkish ECB at present. There are economic uncertainties and risks in thetoo which could cause the ECB to act more cautiously, in particular in case we might see an energy crisis. That is why I think that the euro might be unable to rise much further after the market has already adjusted its rate expectations considerably.

“In view of the fact that the ECB now wants to act more decisively against price risks, there is a lot to suggest that the euro might have bottomed at 1.04 inInformation 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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