Commerzbank: Beware of over-optimism about the euro

Recently, the euro has looked more attractive, according to economists at Commerzbank. EUR/USD‘s recovery since early November may be largely due to a correction in the greenback. However, negative views on the euro are also increasingly unconvincing.

The Ifo index released yesterday is further evidence that the economic situation in the euro zone is gradually improving. But economists still warned against over-optimism about the euro, as the risk of an energy crisis remains. Therefore, a limited risk premium seems reasonable.