EUR: Green shoots could support the Euro - CIBC
|Analysts at CIBC, point out economic data in the Eurozone is not as weak as it seems and could soon support the Euro.
Key Quotes:
“Low growth and low inflation have resulted in a dovish ECB and a downtrodden euro. However, growth and inflation may not be quite as low as people now think. The “supercore” measure of inflation (which omits other volatile prices such as air fares, not just food and energy) has been grinding higher.”
“A run higher in the surprise index suggests that the downgrades in growth expectations could soon be coming to an end. If these trends continue, the ECB may not have to be as forceful in any further stimulus measures, which would support the currency.”
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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.