EUR will probably continue to struggle to stand its ground against USD – Commerzbank EURUSD NFP Inflation Eurozone Banks
“According to our economists, the rise in employment in the US is likely to have slowed further in May, but the significant slowdown on the labour market that would be required to dampen inflation is unlikely to be visible yet. If the labour market were to be stronger than expected again, Fed rate hike expectations might be fuelled further.”
“The Eurozone inflation data is likely to have eased further again in May. The inflation data from Spain already surprised to the downside yesterday. If there are further surprises to the downside, doubts might arise whether the ECB really will hike its key rate another two times as the market is currently pricing in.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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