https://www.msn.com/en-us/money/mar...think-it-could-slide-much-further/ar-AA10Z0ec
How harmful this will be to U.S exporters.
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The euro traded at a two-decade low of 0.9903 against the U.S. dollar Tuesday morning, with analysts predicting the single currency will continue to slide.
"Our outlook and our trades and our position on the strategist side are definitely biased towards further euro depreciation from where we are now," Luis Costa, head of CEEMEA strategy at Citibank, told CNBC's "Squawk Box Europe" on Tuesday.
"This is the primary point of euro vulnerability now," Costa said.
There are multiple factors at play when comparing the euro and the dollar, working in tandem with the ongoing conflict in Ukraine and mounting inflation across both regions.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
How harmful this will be to U.S exporters.
---- quote start
- The euro fell to a two-decade low of 0.9903 against the U.S. dollar.
- Strategists are "definitely biased towards further euro depreciation," says a head strategist at Citi Bank.
The euro traded at a two-decade low of 0.9903 against the U.S. dollar Tuesday morning, with analysts predicting the single currency will continue to slide.
"Our outlook and our trades and our position on the strategist side are definitely biased towards further euro depreciation from where we are now," Luis Costa, head of CEEMEA strategy at Citibank, told CNBC's "Squawk Box Europe" on Tuesday.
"This is the primary point of euro vulnerability now," Costa said.
There are multiple factors at play when comparing the euro and the dollar, working in tandem with the ongoing conflict in Ukraine and mounting inflation across both regions.
---- quote end
Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
