- Analytics
- News and Tools
- Market News
- EUR/USD: Levels close to the 1.20 mark are not justifiable – Commerzbank
EUR/USD: Levels close to the 1.20 mark are not justifiable – Commerzbank
Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes EUR/USD outlook.
The Fed is only human too
“EUR/USD levels close to the 1.20 mark are not justifiable in my view. Why? I never had the impression that the market really believed the ‘tough guy’ impression chair Powell wanted to impersonate.”
“For some time now the OIS market has been pricing in Fed rate cuts for the medium term which Powell (it seems to me) wanted to dissuade it from. If I am correct with my (admittedly very subjective) view the US currency does not have far to fall, the realization that the Fed is quite human should then not result in enormous USD depreciation. But nor does it result in EUR/USD levels below 1.08 on a sustainable basis either.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
