CIBC Economics - CIBC Capital Markets on the euro and Eurozone economy, this via the folks at eFX
CIBC Research discusses the EUR outlook and thinks that the single currency is likely to remain supported by the strong EZ economics performance in 2018.
"Global PMI readings suggest that growth continued to strengthen in most advanced economies towards the end of 2017. However, one area stands head and shoulders above the others-the Eurozone. Its manufacturing index isn't just near record highs, its lead over the global composite keeps rising.
So even though we expect that the US$ will be a bit stronger now in 2018 than we were previously expecting, thanks to the impact of the tax bill, the euro should still remain an outperformer and also appreciate against sterling,' CIBC argues.
