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23 Jan 2015
Draghi gets ECB into the currency wars - Raboabank
FXStreet (Guatemala) - Analysts at Rabobank commented on the ECB's recent action in respect of the Euro.
Key Quotes:
"ECB President Draghi has masterfully and mercilessly presided over a precipitous fall in the value of the EUR over the past month. In doing so he has already squeezed a huge market impact from his one day old QE plan. These actions have placed the ECB in the centre of a currency war."
"Now that ECB has played his trump card, how much further the EUR can fall depends to a large extent on the counterattacks launched by other central banks."
Key Quotes:
"ECB President Draghi has masterfully and mercilessly presided over a precipitous fall in the value of the EUR over the past month. In doing so he has already squeezed a huge market impact from his one day old QE plan. These actions have placed the ECB in the centre of a currency war."
"Now that ECB has played his trump card, how much further the EUR can fall depends to a large extent on the counterattacks launched by other central banks."