fxstreet.com 09 Feb, 2021 08:45 am

Euro weakness is transitory – ANZ

Euro weakness is transitory – ANZ
The sharp and sudden fall in euro area real yields following the unexpectedly high January inflation print is contributing to the latest bout of euro

The sharp and sudden fall in euro area real yields following the unexpectedly high January inflation print is contributing to the latest bout of euro weakness and technical developments indicate the weakness in EUR/USD could run further in coming weeks.” “In the near-term, euro weakness may run further as January’s exceptionally high core inflation print (1.” “Our business cycle analysis implies that euro weakness should prove temporary and that the move is corrective in nature.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.4% YoY, the highest in five years) has helped to push real yields down.

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