Allbet Gaming

Euro feels the pressure as economy tips toward recession

Allbet登录网址 2022年08月05日 社会 4 0

皇冠官网开户www.hg108.vip)是一个开放皇冠正网即时比分、皇冠官网开户的平台。皇冠官网开户(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP。

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.

,

新2网址最新登录www.99cx.vip)实时更新发布最新最快最有效的新2最新登录网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,

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。 Allbet Gaming声明:该文看法仅代表作者自己,与www.allbetgame.us无关。转载请注明:Euro feels the pressure as economy tips toward recession
发布评论

分享到:

澳5彩票开奖网:Wall Street opens lower ahead of July factory activity data
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。