Back
7 Nov 2014
Draghi delivers weaker euro - Societe Generale
FXStreet (Łódź) - Kit Juckes, Global Head of Currency Strategy at Societe Generale comments on the outcome of yesterday's ECB monetary policy meeting.
Key Quotes
"And Mario Draghi has delivered a weaker Euro, again. I thought it was an impressive performance in the face of rumours and chatter about dischord and strain."
"Still, how he plans to add a trillion euros to the ECB balance sheet is as much of a mystery as it was a month ago, and whether doing so really gets credit creation up is highly dubious anyway."
"For now, a weaker euro, though even that depends on the US data remaining strong enough to the Fed on track for a 2015 rate hike."
Key Quotes
"And Mario Draghi has delivered a weaker Euro, again. I thought it was an impressive performance in the face of rumours and chatter about dischord and strain."
"Still, how he plans to add a trillion euros to the ECB balance sheet is as much of a mystery as it was a month ago, and whether doing so really gets credit creation up is highly dubious anyway."
"For now, a weaker euro, though even that depends on the US data remaining strong enough to the Fed on track for a 2015 rate hike."