30 Jan 2014
Flash: EUR and GBP stable amongst EM sell off - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ note that both the EUR and GBP are stable despite recent EM turbulence.
Key Quotes
"The euro and pound have continued to remain relatively stable against the US dollar during the intensified emerging market sell off over the past week or so. The main economic data release yesterday from the euro-zone was the latest money supply report for December."
"It continued to reveal that credit conditions in the euro-zone remain weak with the average annual growth rate of broad money supply slowing further to 1.3% which keeps alive expectations that the ECB may ease monetary policy further.”
“The release of the German CPI report for January will be in focus today. ECB concerns over low inflation or higher euro-zone short rates remain easing triggers."
Key Quotes
"The euro and pound have continued to remain relatively stable against the US dollar during the intensified emerging market sell off over the past week or so. The main economic data release yesterday from the euro-zone was the latest money supply report for December."
"It continued to reveal that credit conditions in the euro-zone remain weak with the average annual growth rate of broad money supply slowing further to 1.3% which keeps alive expectations that the ECB may ease monetary policy further.”
“The release of the German CPI report for January will be in focus today. ECB concerns over low inflation or higher euro-zone short rates remain easing triggers."