Pantheon Macroeconomics

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14th Oct 2022 15:16Eurozone, Daily Monitor

  • The EZ energy trade deficit with the U.S. will soon hit 1% of GDP, pointing to a structural hit to EURUSD.
  • This knock is difficult to quantify, but we suspect 1.00-to-1.10 is the new normal for EURUSD.
  • We still think EURUSD will rebound in the next three- to-six months, hitting 1.05 by March.

deficit energy trade trade deficit u.s.

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Keywords for: 18 Oct 2022 Eurozone Monitor

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