EUR/USD: NOT TRADING AT STRONGER LEVELS PARTIALLY DUE TO ECB LONG HESITATION – COMMERZBANK Today, Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, is interested in the question of how FX traders would have to prepare for a scenario where central bankers’ nightmare were to become reality – if the massive rate hikes that were implemented and are yet to be realized were not sufficient to control inflation.