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4 Sep 2015
Door open for further EUR weakness – BBH
FXStreet (Edinburgh) - Analysts at BBH have assessed the recent ECB statement and see the single currency grinding lower in the next periods.
Key Quotes
“CB President Draghi has set the table for further euro weakness”.
“Not only did the ECB take technical measures by increasing the share limit to allow for an eventual expansion of QE, but it also lowered its growth and inflation forecasts and warned of downside risks to eurozone growth”.
“As we expected, the ECB’s dovishness has helped highlight the divergence theme in monetary policy, on the eurozone side. The US side is not so clear, but we hope it will become clearer after today”.
Key Quotes
“CB President Draghi has set the table for further euro weakness”.
“Not only did the ECB take technical measures by increasing the share limit to allow for an eventual expansion of QE, but it also lowered its growth and inflation forecasts and warned of downside risks to eurozone growth”.
“As we expected, the ECB’s dovishness has helped highlight the divergence theme in monetary policy, on the eurozone side. The US side is not so clear, but we hope it will become clearer after today”.