首页 社会正文

Euro feels the pressure as economy tips toward recession

admin 社会 2022-08-05 03:17:37 9 0

足球免费贴士网www.ad168.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

The Euro, hanging on just above parity with the dollar, after a brief dip below that level earlier this month for the first time in more than two decades.

FRANKFURT: The euro, already beaten down this year to the lowest in two decades, remains an unloved currency stuck under relentless pressure as its economy stumbles toward a recession.

It’s hanging on just above parity with the dollar, after a brief dip below that level earlier this month for the first time in more than two decades.

The currency has become a lightning rod for the mounting pessimi *** about the eurozone’s economy.

It’s fallen more than 10% versus the dollar this year, and many *** ysts say the likely direction from here is further down.

Much of the economic gloom is centred on the disruption of Russian energy supplies to Europe, which particularly threatens German industry.

Credit Suisse sees a 50% chance of the eurozone falling into a recession in the next six months. Goldman Sachs says it may already be in one.

Italy is also a big source of worry amid political turmoil that led to the departure of Prime Minister Mario Draghi.

,

以太坊高度开奖www.326681.com)采用以太坊区块链高度哈希值作为统计数据,以太坊高度开奖(联博统计)数据开源、公平、无任何作弊可能性。联博统计免费提供API接口,支持多语言接入

,

S&P Global Ratings lowered its outlook on the country’s debt, and a key gauge of risk, the spread of Italian bond yields over Germany’s, is around the highest since 2020.

Nerves over Italy leaving the eurozone are showing up in credit default swaps, though it’s seen as a very remote risk.

From a price perspective, the euro is faring even worse than in 2012 – the low that year was US$1.20.

It was trading around US$1.02 (RM4.54) after slipping to 99.52 US cents on July 14.

JPMorgan Chase and Rabobank are expecting it to slide as low as 95 US cents (RM4.40) given Europe’s exposure to the energy crisis.

Option pricing puts the odds on a drop to parity by the end of the year at around 70%.

The Bloomberg consensus forecast for year end is US$1.06 (RM4.72). — Bloomberg


转载说明:本文转载自Sunbet。
版权声明

本文仅代表作者观点,不代表本站立场。
本文系作者授权发表,未经许可,不得转载。

发表评论

评论列表(0人评论 , 9人围观)
☹还没有评论,来说两句吧...

热门标签

    此处不必修改,程序自动调用!