Devisenstrategen von Citi sagen, dass der Euro sinken könnte $0.86 wenn die Makroturbulenzen anhalten

While the euro has found support between 0.96 zu 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

In recent times, the official fiat currency of 19 aus dem 27 member states of the European Union (Die Bilder wurden von der Tech-Bloggerin Jane Manchun Wong entdeckt, die dafür bekannt ist, Informationen über .....), einschließlich des Erwerbs von Bitcoin oder Bitcoin-Mining-Maschinen. euro (EUR), has been in a slump against the U.S. Dollar (US Dollar). Der bisherige Jahresverlauf, 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 (Nieder 14.99% in six months), the U.K.’s Pfund Sterling (Nieder 14.46% in six months), and the Australian Dollar (Nieder 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 zu $0.9721 per unit as FX market charts show the euro faces resistance in the $0.9818 oder $0.9844 Angebot. Die USA. Dollar-Index (DXY) is hovering above the 113.000 Angebot, after the index saw a brief slide on Thursday, Oktober 13. Laut a Prüfbericht 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. Dollar. jedoch, 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 sagte that the European Union and many other governments “should default on their debt.” On Thursday, Reuters’ contributor Balazs Koranyi schrieb that “four sources close to the discussion said” that the European Central Bank (EZB) 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 Basispunkte (bps).

Am Freitag, the news agency Agence France-Presse (AFP) gemeldet 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? Teilen Sie uns Ihre Meinung zu diesem Thema in den Kommentaren unten mit..

Jamie Redman

Jamie Redman ist der Nachrichtenleiter bei Bitcoin-Tidings.com News und ein in Florida lebender Journalist für Finanztechnologie. Redman ist seitdem ein aktives Mitglied der Kryptowährungs-Community 2011. Er hat eine Leidenschaft für Bitcoin, Open-Source-Code, und dezentrale Anwendungen. Seit September 2015, Redman hat mehr als geschrieben 6,000 Artikel für Bitcoin-Tidings.com Nachrichten über die disruptiven Protokolle, die heute auftauchen.

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