Impression of a structural advantage of the US labor market over the Euro Area is unjustified – Commerzbank
The Greenback was able to hang well-known features on Friday following the liberate of the US labor market narrative. Economists at Commerzbank analyze how significant higher is the US labor market.
To this point, all the things is as USD-optimistic – or EUR-USD-detrimental – as it could possibly well well be
To this point, all the things is as USD-optimistic (or EUR/USD-detrimental) as it could possibly well well be. But I would warning in opposition to throwing the toddler out with the bathwater.
I maintain written plenty unbiased recently about whether or not the US can maintain a sustainable increase advantage over the Eurozone. If that is so, that will clarify a sturdy Greenback, irrespective of the outlook for Fed and ECB financial policy. I feel that such an assumption is warranted, given GDP tendencies. Then yet again, I quit not own that the impression of a structural supreme thing relating to the US labor market over the labor market here within the Euro Situation is justified.
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