There is still significant potential for the euro to depreciate – Natixis

How weak is the euro? Analysts at Natixis conclude that the euro is only slightly weak compared with what it could be.

The euro is still quite strong against the yen

“The euro is currently weak, due to: Lower actual and expected interest rates than in the United States; Europe’s energy supply problems; The disappearance of the eurozone’s trade surplus.”

“We see that the euro is only slightly weak and that it could be much weaker, in particular, if the net open position in the euro became negative, if the euro depreciated against the yen or if non-residents sold their euro-denominated equities.”