Economics
Barclays Sees the Euro Dip as the Fed and ECB Break Apart on Rate Hikes
- Clients ‘pretty comfortable’ selling euro: Barclays’s Macleod
- Firm doesn’t see the ECB moving on rates until early 2024
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There’s further trouble in store for the euro after European Central Bank President Christine Lagarde all but ruled out a rate hike in 2022.
That’s the view of Kristen Macleod, co-head of global foreign-exchange sales at Barclays Plc., who sees the common currency weakening as the ECB and Federal Reserve’s monetary policy paths further break apart following this week’s central bank announcements.