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Two reasons the EUR is unlikely to see sustained appreciation - Goldman Sachs

Goldman Sachs sees limited prospects for continued EUR appreciation on muted inflows and deteriorating terms of trade. Is there enough reason for continued appreciation? Goldman Sachs believes there probably isn't. Positive yields have managed to halt outflows from Euro area fixed income and return to a pre-2014 norm of gradual inflows, but the inflow is not as quick as the outflows were when rates first went negative. This is partly because foreigners continue to sell sovereign bonds in the Eu... Read More

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Posted: May 25 2023, 14:10

Author Name: forexlive

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