Euro: Dollar strength seen sustainable – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that EUR/USD has stabilized just below 1.15 after a hawkish Federal Reserve (Fed) meeting, indicating a possible floor.
Commerzbank's analyst Thu Lan Nguyen observes that the EUR/USD exchange rate has stabilized just below 1.15 following the hawkish Federal Reserve meeting, suggesting a potential floor for the pair. Nguyen believes the current dollar strength is likely to remain sustainable in the near term, as the Fed's credibility has been restored and another rate hike is anticipated in December. Despite this, options markets indicate that investors are still uncertain about the long-term durability of the dollar's strength.
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