Commerzbank: Significant Increase in Memory Chip Prices May Weaken the Euro
According to Golden Ten Data on April 21, Commerzbank pointed out that due to the sharp rise in memory chip prices in recent months, European currencies may be affected to some extent. This could bring another terms-of-trade shock to the eurozone and even the whole of Europe, in addition to the energy price shock caused by the Iran war. Some of the countries with the largest trade deficits are in the eurozone, including Italy, Portugal, and Germany. Poland, Hungary, the Czech Republic, and the United Kingdom also have trade deficits.
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