EUR/USD: EARLY DECEMBER 2002 LOWS AT VIEWCostly natural gas prices and ongoing supply threats leave the eurozone facing elevated recession risks.”
“A data-dependent ECB may look to tighten again at its next meeting. However, recession concerns and fragmentation risks, due to rising credit concerns, point towards early December 2002 EUR/USD lows at 0.9863 remaining in view.”
