Commerzbank Says U.S. Rate-Rise Bets May Weigh on Euro
Commerzbank's Michael Pfister says the euro-dollar outlook could remain challenging until elevated U.S. rate-rise expectations are questioned. The note cites U.S. core inflation at 0.3% month-on-month in October.
The outlook for the euro-dollar exchange rate could remain challenging until lofty U.S. interest-rate rise expectations are called into question, Commerzbank's Michael Pfister says in a note. U.S. core inflation unexpectedly remained at 0.3% month-on-month in October, the level at which Federal Res…