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Only one of Deutsche Bank's 3 reasons to be bullish euro is performing well

Only one of Deutsche Bank's 3 reasons to be bullish euro is performing well

Deutsche Bank's 3 "pillars' of their bullish EUR view are (in brief):

  1. EUR growth is turning back up, ECB terminal rate pricing continues to move higher and European equity markets are near record highs.
  2. US rates repricing has been very sharp, preventing a narrowing of the US-EU interest rate differential as we expected.
  3. China reopening trades have severely underperformed.

DB say only the first is doing well, and ask:

Posted: Mar 2 2023, 02:21
Author Name: forexlive
Views: 082224

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