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Not everything is lost for euro
В прошлый четверг евро показал самое большое падение по отношению к доллару, после того как Европейский Центральный Банк подтвердил свои планы оставить процентную ставку без изменений по крайней мере до конца лета 2019 года, сообщает Bloomberg. Однако, эксперты считают, что не всё потеряно для единой валюты региона.
Photo © Alexander Stein, CC0 1.0
Last Thursday euro showed the biggest drop in a month after European Central Bank confirmed that it is not going to change interest rate till the end of summer 2019, Bloomberg reports. However, experts think that not everything is lost for region’s common currency, since euro area economy shows stable growth, and price pressure is increasing due to global tension.
Some analytics think that it can result in earlier than expected tightening of monetary policy and euro strenghening.
Experts of Canadian Imperial Bank of Commerce (CIBC) forecast that euro will end this year at $1,18, which corresponds with Bloomberg’s survey. By the middle of 2019 it will grow to $1,23 and finish the year at $1,28.
US and EU talks that helped to prevent large scale trade war, at least in short-term perspective, also support analytics forecasts in regards to euro.