GOAL Kickstart_ Reflation risk reversal - tracking the Europe vs. US repricing
2025-03-14 04:56
10 March 2025 | 5:14PM GMT GOAL Kickstart Reflation risk reversal - tracking the Europe vs. US repricing Last week was dominated by the repricing of Europe vs. US growth prospects following mixed US data and the unprecedented German fiscal package. EUR/USD closed on Friday above 1.08 after the largest weekly move since 2015. Our European economists materially upgraded GDP growth forecasts and raised their terminal rate forecast for ECB to 2%. ISM Services data was above expectations (53.5 in February) but t ...