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Euro Supports Risk Appetite
Markets often get ahead of themselves.
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Markets often get ahead of themselves. According to the outgoing Vice President of the European Central Bank, Luis de Guindos, investors are underestimating the risks of economic growth slowdown due to geopolitical, fiscal, and macro-financial events. If this is the case, expectations for the 2nd and 3rd acts of monetary tightening by the ECB are clearly overblown. A reassessment of market views will restrain the advance of EUR/USD, but it will not prevent it.Friedrich Merz's Council of Economic Experts has
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Marek Petkovich,
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