FX Markets - A Brief Assessment

FX Markets - A Brief Assessment

Marc-André Fongern Marc-André Fongern

Marc-André Fongern

Executive Director at Goldman Sachs

发布日期: 2020年5月19日
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Hopes for a vaccine have undoubtedly improved sentiment, yet I think markets have been reacting disproportionately since yesterday. Ignoring an unprecedented recession prematurely would be unwise. At present, the danger of risks being underestimated is immense. Unsurprisingly, the Franco-German proposal has generated doubts and criticism, thus highlighting the EU's disunity. As the proposal must be approved unanimously by all 27 EU states, hope could soon be nipped in the bud. Beware of buying the EUR prematurely.

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