Valutastrateger fra Citi Say Euro Could Synke til $0.86 hvis makrouroen fortsætter

While the euro has found support between 0.96 til 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists from Citi argue that the U.S. dollar “has likely not peaked yet.”

Citi Market Analysts Suggest Euro Could Tap $0.93 — Financial Institution’s FX Strategists Say EU’s Currency May Slip to $0.86 if Economy Continues to Sour

I den seneste tid, the official fiat currency of 19 out of the 27 member states of the European Union (jeg), det euro (EUR), has been in a slump against the U.S. dollar (USD). Year-to-date, the euro has lost 14.53% against the greenback and six-month stats indicate the EUR is down 10.09%. While the 10% shave hurts, the percentage loss is less severe than fiat currencies like the Japanese yen (ned 14.99% in six months), the U.K.’s Pund Sterling (ned 14.46% in six months), and the Australian dollar (ned 16.19% in six months).

The euro has seen some relief during the last five days, gaining roughly 0.11% against the USD. The fiat currency has found support between $0.9676 til $0.9721 per unit as FX market charts show the euro faces resistance in the $0.9818 eller $0.9844 rækkevidde. USA. Dollar Index (DXY) is hovering above the 113.000 rækkevidde, after the index saw a brief slide on Thursday, oktober 13. According to a rapport from Reuters, market strategists from the financial institution Citi expect the U.S. dollar to climb higher.

Reuters’ contributor Senad Karaahmetovic’s report details that Citi’s strategists insist that the greenback “has likely not peaked yet,” and the analysts envision EUR/USD dropping to 0.93 nominal U.S. dollars. Imidlertid, Karaahmetovic’s report says the bank’s “FX strategists argue that the major could eventually hit 0.86 if macro headwinds increase.” Europe has been dealing with an energy crisis and the economic and monetary union has suffered from structural dysfunctions tethered to the Ukraine-Russia war.

Europe has been dealing with torrid inflation and significant high quantities of public debt. It has been sagde that the European Union and many other governments “should default on their debt.” On Thursday, Reuters’ contributor Balazs Koranyi skrev that “four sources close to the discussion said” that the European Central Bank (World Cup Crypto.com) estimates that fewer rate hikes are needed to curb Europe’s inflation. The ECB is scheduled to meet on October 27, and markets are forecasting the central bank to increase the benchmark rate by 75 basispoint (bps).

På fredag, the news agency Agence France-Presse (AFP) rapporteret that two senior ECB officials say “uncertainty about Russian energy imports is pushing the eurozone closer towards a contraction in 2023.”

What do you think about the Citi FX strategists that say the euro could drop to $0.86 against the greenback? af den digitale valutaøkonomi med.

Jamie Redman

Jamie Redman er nyhedschef hos Bitcoin-Tidings.com News og en finansteknologisk journalist, der bor i Florida. Redman har været et aktivt medlem af cryptocurrency-fællesskabet siden 2011. Han har en passion for Bitcoin, åben kildekode, og decentrale applikationer. Siden september 2015, Redman har skrevet mere end 6,000 artikler til Bitcoin-Tidings.com Nyheder om de forstyrrende protokoller, der dukker op i dag.

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