Republican sweep raises risks to the outlook – ABN AMRO
Source Fxstreet
Republican clean sweep makes it significantly easier to implement full policy agenda, ABN AMRO’s economists note.
Parity for EUR/USD can be on the cards
“Risks very firmly tilted to the downside for US and global economic growth and to the upside for US inflation. While Fed policy could be tighter than our current base line, the ECB could cut rates faster.”
“Republican sweep sets the stage for US-European rates divergence. Parity for EUR/USD could be on the cards. We will publish an updated macro and market base scenario later this month.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on June 12, gold ( XAUUSD) prices oscillated lower near $4,180. Yesterday, gold prices briefly dipped toward $4,000 before rebounding sharply above $4,200 on news
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Perpetual contracts and pre-market tokens for SpaceX are attracting liquidity from the cryptocurrency market, hindering a further rally in Bitcoin.On June 11, Bitcoin ( BTC) continued to
On June 10, Eastern Time, spot gold ( XAUUSD) fell through the $4,100 level during intraday trading after four consecutive sessions of selling, nearing the $4,000 psychological threshold;
The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday's
Related Instrument
