The Europeans are concerned that should China allow more appreciation in the yuan that we could see an acceleration of dollar weakness, and that could spill over into major markets, and we could see European currencies strengthening.
There are not yet any comments on this quote. Why not register / login and be the first?
This quote is just one of 4 total Sabrina Jacobs quotes in our collection. Sabrina Jacobs is known for saying 'The Europeans are concerned that should China allow more appreciation in the yuan that we could see an acceleration of dollar weakness, and that could spill over into major markets, and we could see European currencies strengthening.' as well as some of the following quotes.
In the near term, people are looking at the ECB and a rate hike in March. That is supporting the euro.
These latest comments are quite worrying, as it's the first indication that the central bank is thinking about cutting the rate. The suggestion that we're going to get lower rates is likely to lead to a weaker currency.
This quote is just one of 4 total Sabrina Jacobs quotes in our collection. Sabrina Jacobs is known for saying 'The Europeans are concerned that should China allow more appreciation in the yuan that we could see an acceleration of dollar weakness, and that could spill over into major markets, and we could see European currencies strengthening.' as well as some of the following quotes.