# Stay Bearish Euro (Until EZ Wages Hit 3%) says Credit Suisse

> Credit Suisse maintains a bearish euro view while the ECB stays dovish, and says the euro could recover if Eurozone wage growth reaches 3%. ECB chief economist Philip Lane said wage growth is the key metric to watch for a hawkish shift.

- Date: 2022-01-26 · published 2022-01-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/43346-stay-bearish-euro-until-ez-wages-hit-3-says-credit-suisse
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Currency strategy views affect the dollar's trend and therefore dollar-priced grain and oilseed values, but the commentary carries little direct supply-side impact.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-03-15 | [Credit Suisse woes knock euro, sterling, Swiss franc](https://feedsoft.ai/events/10078-credit-suisse-woes-knock-euro-sterling-swiss-franc.md) | +0.4% | +1.7% |
| EURUSD | 2022-06-30 | [Euro to Hit Parity against Dollar by August says Nomura](https://feedsoft.ai/events/41162-euro-to-hit-parity-against-dollar-by-august-says-nomura.md) | -3.0% | -3.0% |
| EURUSD | 2023-03-26 | [Banking stress puts U.S. and Europe on watch for credit crunch \| Reuters](https://feedsoft.ai/events/37074-banking-stress-puts-u-s-and-europe-on-watch-for-credit-crunch-reuters.md) | +1.0% | +2.0% |
| EURUSD | 2018-09-26 | [Euro likely to stay weak against dollar until mid-2019 \| The National](https://feedsoft.ai/events/63252-euro-likely-to-stay-weak-against-dollar-until-mid-2019-the-national.md) | -1.8% | -3.2% |
| EURUSD | 2022-06-14 | [EUR/USD Euro Set to Hit Parity With Dollar in a Month, Wells Fargo Says - Bloomberg](https://feedsoft.ai/events/9636-eur-usd-euro-set-to-hit-parity-with-dollar-in-a-month-wells-fargo-says-bloomberg.md) | +1.1% | -3.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/16473-stay-bearish-euro-until-ez-wages-hit-3-says-credit-suisse

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.