y's gains. Economists at Commerzbank analyze EUR outlook. Waiting for the ECB While the US economy is booming, the Eurozone economy is showing signs of slowing down as a result of interest rate hikes. No wonder the Euro has come under pressure.
Ahead of Thursday's ECB meeting, the market is likely to be reluctant to take a position today, even though another rate hike seems highly unlikely. Today's rather second-tier US data is unlikely to change this. Therefore, we will have to wait and see for the time being.
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