By Petr Krpata, CFA, Chief EMEA FX and IR Strategist
The prospects for some idiosyncratic EUR rise remain bleak. The ECB stands behind the September easing package that is insufficient to change the eurozone growth and inflation outlook, yet is sufficient to keep the no-longer-undervalued EUR an unattractive currency.
ECB easing plans intact...
The ECB meeting was largely a non-event for markets and the euro, with the ECB fully reiterating its decision from September (see ECB Review). If anything, the ECB's view of increased downside risks to the euro area growth and inflation outlook