EROTF - Why Some ECB Officials Are Suddenly Concerned About The Weak Euro

• Several European Central Bank officials have become more vocal, showing their concern about the weakening euro.
• As much as we think that these concerns are overdone, a strengthening euro could be the single most efficient way to temper inflation quickly.
• This is why the hawks at the ECB might be inclined to use the currency as an argument to support a 50bp rate hike in July and strong forward guidance that more rate hikes are to come.

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