10 Dec 2013
Flash: ECB would welcome a lower EUR/USD - Rabobank
FXstreet.com (London) - Jane Foley, Senior Currency Strategists at Rabobank said, “for the ECB, the inability of the USD to push higher is likely a disappointment”.
Key quotes:
“The euro may not be a policy tool for the ECB but it still has significant influence over monetary conditions in the Eurozone”.
“Insofar as the market is sceptical of the capacity of the ECB to further weaken monetary policy settings in the Eurozone, a push lower in EUR/USD would be welcome”.
Key quotes:
“The euro may not be a policy tool for the ECB but it still has significant influence over monetary conditions in the Eurozone”.
“Insofar as the market is sceptical of the capacity of the ECB to further weaken monetary policy settings in the Eurozone, a push lower in EUR/USD would be welcome”.