EURO UNLIKELY TO BENEFIT AS MUCH FROM THE SAME INFLATION SURPRISE AS THE USD FROM PCE DEFLATOR – COMMERZBANK

avatar
· Views 85



Today, the French, German and Spanish figures, among others, a total of almost 65% of the HICP will be published. The new inflation figures for the Eurozone are due on Friday. This will give us an approximate indicator for Friday's figures. Michael Pfister, FX Analyst at Commerzbank, analyzes how inflation data could impact the Euro (EUR).

Euro could certainly benefit somewhat today if the national inflation figures surprise to the upside

The Euro could certainly benefit somewhat today if the national inflation figures surprise to the upside. That would be a clear sign that we will see higher numbers on Friday as well. But I want to make a quite different point. Namely, the Euro is unlikely to benefit as much from the same surprise as the USD from the PCE deflator.

Today's national inflation numbers will have to surprise much more to the upside than the PCE deflator for the market's interest rate expectations to move similarly sharply. As I said, the Euro should also benefit from higher numbers, but not quite as much as the Dollar in the event of similar surprises.

 


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest