Euro weakness in 2022
Monday, January 23, 2023
Summary
The January 2023 CfM-CEPR survey asked the members of its European panel about the reasons for the euro’s depreciation against the dollar in 2022. A majority of 56% of panellists thinks that monetary policy differences were the main cause for the euro’s decline. Nearly 30% attribute the value of the euro to developments in the real economy. The panel was nearly unanimous (at 80%) that the ECB shouldn’t have responded to the euro’s devaluation.
Background