Analysts at Goldman Sachs are out with their view on the Euro, given the looming economic and trade risks.
“PMIs will be pivotal for determining whether Euro area growth is actually going to trough in Q1.
We think at least some stabilization will likely be necessary to dispel recession concerns after another downside surprise in German GDP last week.
And it would be especially helpful for economic activity to start turning the corner now because we think trade headlines could create some new headline risks for EUR this week.
On the US auto tariff report:
US Department of Commerce... auto tariffs as one option in its report
The release of this report does not itself raise the odds of tariffs, and some steps by the administration indicate support for auto tariffs may be limited.
That said, our DC economists still see a meaningful risk (40%) that broad tariffs are implemented at least temporarily, and even the possibility is a concern for EUR.”
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.