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17 Oct 2014
Euro weighed by ECB - BBH
FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained the contrast, Bundesbank President Weidman’s hawkish comments gave the euro a small bid.
Key Quotes
"Markets focused on his comment that the risk of a deflationary scenario in Europe was low, and that Germany was not in need for stimulus."
"We don’t place a lot of weight on these comments and think the weak data out of Europe and Germany recently speaks for itself”.
“We think the possibility on further action by the ECB is still on the table, and that this will eventually weigh on the euro."
Key Quotes
"Markets focused on his comment that the risk of a deflationary scenario in Europe was low, and that Germany was not in need for stimulus."
"We don’t place a lot of weight on these comments and think the weak data out of Europe and Germany recently speaks for itself”.
“We think the possibility on further action by the ECB is still on the table, and that this will eventually weigh on the euro."