EUR/USD & GBP hedging perspective

Eddy Markus
Tuesday, 14 December 2021
Eddy Markus

The US continues to struggle with large twin deficits for the time being. In contrast, Europe has a current account surplus and a smaller government deficit. That is why in the long term we see EUR/USD rising to 1.40, if not higher. However, the issue now is that the Fed appears to be raising interest rates much earlier than the ECB, meaning that EUR/USD could easily fall further to 1.10 or below in the near future.

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