German Commercial Bank: Sharp rise in memory chip prices could weaken European currency.

The German Commercial Bank pointed out that due to the significant increase in memory chip prices in recent months, the European currency may be affected. This could bring another trade condition shock to the eurozone and even to the whole of Europe, as well as energy price shocks resulting from the Iran war. Some of the countries with the largest trade deficits are eurozone countries, including Italy, Portugal, and Germany. Poland, Hungary, the Czech Republic, and the United Kingdom also have trade deficits.