Euro Forecast: EUR/USD Bounces But Further Losses Lie Ahead

euro forecast eur usd bounces but further losses lie ahead

Sumary of Euro Forecast: EUR/USD Bounces But Further Losses Lie Ahead:

  • Fundamental Euro Forecast: BearishThe coalition agreement announced by the incoming German Government this week suggested a broadly looser fiscal policy, and that might have been expected to prompt talk of a tightening of monetary policy by the European Central Bank in response.
  • Euro price slide set to continueThe coalition agreement announced in Germany this week has ushered in a new Government of center-left Social Democrats, Greens and free-market Liberals, dedicated to social liberalism and the tackling of environmental issues.
  • Elsewhere, that might be expected to set alarm bells ringing at the central bank, where there would be talk of tightening monetary policy to offset the easing of fiscal policy.

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