Deutsche Bank’s Euro Bear Flips Stance to Bullish After ECB
- Euro set for its biggest advance versus dollar since 2020
- Deutsche Bank’s Saravelos recommends going long the euro
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The European Central Bank’s shift to more hawkish messaging was enough to change the mind of one big market bear: Deutsche Bank AG’s George Saravelos.
The global head of FX research is now telling investors to go long on the euro-dollar pair after recommending a broadly bearish position on the common currency since September.