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11 July 2022 EURUSD is about to Hit Parity, and We See Little Reason to Buy

Claus Vistesen (Chief Eurozone Economist)8th Jul 2022 15:14Eurozone, Daily Monitor, Weekly Monitor

EURUSD is closing in on parity and it won’t stop falling there; don’t buy the dip yet.

We think French GDP rose by 0.4-to-0.5% q/q in Q2, better than the INSEE estimate...

...But we are less optimistic than the statistical office on H2; we see growth of just 0.1% in Q3 and Q4.

business sentiment capex composite pmi construction consumer prices defence deficit disposable income downside risks energy equities euro exports fiscal policy france french economy germany government government spending headline inflation imports insee June net exports oil pmi policy q3 russia savings services activity surveys trade trade deficit u.s. washington

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