Market Comment | The EUR reached US$1.24 ahead of the ECB meeting
Published on Wednesday, January 24, 2018
Market Comment | The EUR reached US$1.24 ahead of the ECB meeting
Summary
The EUR jumped to its highest level since 2014, after US Finance minister, Steven Mnuchin, backed a weaker USD saying that is good for trade, breaking with tradition (see). The comments added to protectionist concerns after the US administration approved several tariffs on external products. Moreover, higher than expected preliminary PMI data for the euro […]
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BBVA Research
BBVA Research