Quick comments on the EUR from Commerzbank
- euro is very much moved by the monetary policy outlook
- the economic situation in the euro zone seems much more critical at present than in the US
- If sentiment amongst the European companies deteriorates further the market is likely to increasingly expect expansionary ECB measures, which would put further significant pressure on the euro.
Bolding mine. Seems particularly pertinent following the mixed bag of PMI results from the eurozone on Thursday
