Agence France-Presse said on the 18th, affected by high inflation and economic downturn, the European Central Bank this week will announce the first interest rate hike since 2011.
Analysts at Germany's Berenberg Bank said in a recent report that "the euro-dollar exchange rate is in free fall, with no bottom in sight yet."
Analysts say market participants have price targets for the euro between 0.98 and 0.90
If the future economic recovery of the euro zone is stagnant, the conflict between Russia and Ukraine leads to energy shortages, and inflation is not improved, coupled with the increase in import prices due to the depreciation of the euro, it cannot be ruled out that the European Central Bank will eventually adopt stronger policies. in response to a sharper depreciation of the euro.
On March 10, UN Secretary-General's spokesperson Dujarric pointed out that if the Strait of Hormuz were closed, global energy and food markets would be impacted.
Latest data released by China's General Administration of Customs on November 7 showed that in the first 10 months of this year, China's goods trade maintained a steady growth trend, with total import and export values increasing by 3.6% year-on-year.
The Closure of the Strait of Hormuz Would Impact Global Energy and Food Markets
International Copper Prices Rise
China's Import and Export Data
