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11th Sep 2023 10:05Eurozone, Daily Monitor

  • Interest-rate and core-inflation differentials suggest EURUSD should be a lot higher...
  • ...But the trend in political uncertainty suggests it is exactly where it is supposed to be.
  • The relative downshift in the EZ PMIs hint at a return to parity for EURUSD; we're not buying it.

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Keywords for: 12 September 2023 Eurozone Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence