Euro to weaken into the year-end – Commerzbank
Summary
By sueyangfx.com October 30, 2020 at 08:41AM Commerzbank lowers its EUR/USD year-end forecast from 1.20 to 1.15 The firm’s head of FX and commodity research, Ulrich Leuchtmann, argues that following the ECB meeting yesterday, “our ECB experts conclude that a […]
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October 30, 2020 at 08:41AM
Commerzbank lowers its EUR/USD year-end forecast from 1.20 to 1.15
The firm’s head of FX and commodity research, Ulrich Leuchtmann, argues that following the ECB meeting yesterday, “our ECB experts conclude that a reduction of the ECB deposit rate by 10 bps (to -0.6%) is likely (among other measures)”.