EUR negative arguments are fading – Commerzbank
|Slowly, the Euro looks more attractive. However, economists at Commerzbank urge caution against excessive EUR euphoria.
Limited risk premium seems justified
“The recovery in EUR/USD since the beginning of November is likely to be mainly due to the USD correction. However, the EUR negative arguments are also getting increasingly less convincing. Yesterday’s Ifo index provided further evidence that the economic framework conditions are gradually improving.”
“However, we urge caution against excessive EUR euphoria as the risk of an energy crisis has not yet been overcome. As a result, a limited risk premium seems justified.”
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.