euro's history of relative dumps
odds are Draghi feels like a wolf looking at the heels of a bleeding doe
Mtl JP 23:14:35 GMT - 10/01/2014
euro's history of relative dumps
odds are Draghi feels like a wolf looking at the heels of a bleeding doe
Livingston nh 22:20:45 GMT - 10/01/2014
There is really nothing that ECB can do because of the single currency, fiscal restraint and bank vs bond funding of the economy -- the EUR is a cork on a sea of dollars
The EU is still just a trade zone - so "beggar thy neighbor" is the guiding principle rather than "all for one, one for all"
Ben screwed up by buying money - Mario doesn't even have that option
GVI Forex22:14:06 GMT - 10/01/2014
17:33 (EU) Nomura: Do not expect ECB to announce any new policy measures; Will maintain a clear bias toward further action if needed - financial press
- Says: "This will be via an expression of the intent to use additional unconventional instruments and alter the size and/or composition of its unconventional interventions should it become necessary to further address risks of a too prolonged period of low inflation... Away from asset purchases, we expect the ECB to remain concerned with the loss of momentum in the business cycle and to see clear downside risks to the economic outlook. Overall, we expect Mr Draghi to keep the threat level of further action as elevated as possible, in order to try and maintain pressure on the exchange rate and keep inflation expectations which remain under pressure - in check."
- Source TradeTheNews.com
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