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1 Jul 2014
What will Draghi make of the euro currently? - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the conditions surrounding the euro at higher levels again.
Key Quotes
"It's worth noting that the euro is now back above pre-June ECB rate cut levels. While the ECB does not target exchange rates, it can’t be too happy with renewed euro strength that will complicate the disinflationary environment. It’s possible that Draghi pushes back a bit on the strong euro at his press conference."
Key Quotes
"It's worth noting that the euro is now back above pre-June ECB rate cut levels. While the ECB does not target exchange rates, it can’t be too happy with renewed euro strength that will complicate the disinflationary environment. It’s possible that Draghi pushes back a bit on the strong euro at his press conference."