Commentary

Add as a preferred source on Google

Lower EUR heightens concerns about deflation risks

BofA Merrill Lynch notes in a report on Monday: The decline of EUR/USD below 1.10 may be less benign than it may appear at first. We believe it is likely to exacerbate an exit from EM, increase the risk of an RMB devalua…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

BofA Merrill Lynch notes in a report on Monday:

  • The decline of EUR/USD below 1.10 may be less benign than it may appear at first. 

  • We believe it is likely to exacerbate an exit from EM, increase the risk of an RMB devaluation, place renewed downward pressure on oil prices, and heighten concerns about deflation risks.  

Related articles

View all