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2025-09-12 19:45:38
[Commerzbank: The ECB should not be too worried even if the euro rises above 1.20] Thu Lan Nguyen, an analyst at Commerzbank, said that the euro may rise above 1.20 against the US dollar EUR/USD, but this may not necessarily cause problems for the ECB. ECB Vice President Guindos has said that such a level may be tricky. However, as the ECB said at its meeting on Thursday, the growth outlook has improved. In this regard, tolerance for further strengthening of the euro may be higher. Commerzbank raised its year-end forecast for Europe and the United States from 1.20 to 1.22, citing expectations that the Federal Reserve will cut interest rates further and that the Fed's independence will be eroded. She said that the ECB will find it difficult to cope with the strengthening of the euro caused by the weakening of the dollar.
