Deutsche Bank sees years of struggles for the euro due to politics ...Middle East

Deutsche Bank is out with a new set of FX forecasts and has this to say:"We have been bullish on the USD throughout the year on the premise that the Fed will cut slower than other central banks and that the dollar was under-pricing the US election. The dollar’s rally in recent days is arguably in part due to the market finally starting to price a higher risk premium onthis event. We have now updated our FX forecasts to also incorporate French political developments. The main negative impact is on Europe’s long-term competitiveness and strategic autonomy irrespective of who wins. We see EUR/USD (and many other dollar pairs) staying weak below 1.10 for the next two years and always failing to

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