No Existential Euro Risk, But It's Not a Rosy Picture: FX Moment
Update: 2024-12-03
Description
Deteriorating French political headlines are exacerbating the underwhelming French and euro-zone economic narrative, confirming what has become a compellingly euro bearish case into 2025. Still, talk of an existential risk to the currency appears premature, and much of the bad news is arguably priced in. Host Audrey Childe-Freeman, Bloomberg Intelligence's chief G-10 FX Strategist, talks to Elliot Hentov, global head of macro policy research at State Street Global Advisors, about what could trigger a turnaround in Europe's fortunes and how that could impact asset allocations into 2025.
Elliot and Audrey also touch on president-elect Donald Trump's key appointments so far and what they may mean for policy -- particularly trade.
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