ING: The euro has lost its status as an alternative to the dollar.

robot
Abstract generation in progress

Golden Ten Data on April 29, ING analyst Francisco Pesole said in a report that investors were worried about US President Trump's trade policy and abandoned the dollar, but now the momentum of the euro as a preferred (alternative) currency has weakened. Most G10 currencies have outperformed the euro this week. Massive blackouts in Spain and Portugal could hit the euro further, although there are other factors. The options market shows that the euro is the most heavily overbought, and speculators could lift bets on the euro's strength if the eurozone's economic growth data for the first quarter is released on Wednesday is weaker than expected. Recent concerns about possible weakness in the U.S. economy and optimism about fiscal stimulus in Germany may have distracted the market from concerns about a weak eurozone economy, Pesole said.

TRUMP2.18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)