EUR/USD has retreated from a high of 1.12 in mid-July to levels below 1.06. Economists at ANZ Bank analyze the pair’s outlook outlook. Better prospect
EUR/USD has retreated from a high of 1.12 in mid-July to levels below 1.06. Economists at ANZ Bank analyze the pair’sRising commodity prices if sustained will add another blow to the EA’s economy. As net importers of energy, higher energy prices will impact the EA’s balance of payments negatively. While we think this will add to downside pressure on the EUR, it is unlikely the EUR/USD will test last year’s low of 0.95, as local storage facilities are better stocked for Europe’s coming winter.
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