UEUR - The ECB Dashboard: A Question Of Delivering

By Petr Krpata, CFA, Chief EMEA FX and IR Strategist, Antoine Bouvet, Senior Rates Strategist and Carsten Brzeski, Chief Economist ING Germany

Given the chance that the ECB fails to match market expectations for easing policy, the balance of risks favours higher EUR/USD and European FX outperformance on the day. But any spike in EUR/USD and EU FX should be temporary, as growth concerns will eventually kick in. A disappointing level of QE could also point to higher European rates and bond yields

ECB Dashboard: How to position for Draghi’s alternatives

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