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Aug 24 - 09:55 AM

EUR: Will The Afghanistan Crisis Trigger A EUR Existential Crisis? - Credit Agricole

By eFXdata  —  Aug 24 - 08:45 AM

Credit Agricole CIB Research discusses the consequences from the unfolding crisis in Afghanistan on EUR/USD.

"We think that one important risk is that the latest developments could trigger a wave of displaced civilians that could head towards Europe in a repeat of the 2015 refugee crisis triggered by the civil war in Syria...In turn, this fueled national-level political risks that intensified in 2017 and escalated into EUR existential risks sending EUR/USD to multi-year lows," CACIB notes. 

"The question for many EUR-investors is whether the political crisis in Afghanistan would fuel another EUR existential crisis? We think that the answer is no and believe that there are at least three reasons for that," CACIB adds. 

Crédit Agricole Research/Market Commentary


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