
Deutsche Bank's George Saravelos says the Trump victory changes the outlook and expects EUR/USD to break its 1.05-1.15 range and trade through parity next year. He cites rising US growth risks, a likely December Fed hike, and downside risks in Europe.
A sustained dollar rally driven by Fed hikes and fiscal expansion would keep dollar-priced feed commodities under pressure and raise import costs for euro-based buyers.
Setelah 533 peristiwa makro bearish sebelumnya, Euro (USD per EUR) bergerak median -0,3% selama 5 sesi (33% lebih tinggi; separuh tengah -1,2% sampai +0,2%), dan -0,5% selama 20 sesi.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Deutsche Bank's call on 2016-11-14 for EUR/USD to reach parity, citing a likely Fed hike and European downside risks, reinforced bearish euro sentiment on the day of the move.
Deutsche Bank's parity call on Nov 14 reflects and reinforces bearish sentiment on the euro from US growth and Fed-hike expectations and European risks.