EUR: Nothing From ECB to Prevent EUR From Gradually Repricing Higher Range – NAB

NAB FX Strategy Research notes that there were two key changes to the ECB policy announced today; the removal of its easing bias and an upping of the balance of risks on economic growth to, ‘broadly balanced’ from negative.

“Together the moves confirm the ECB has started the process of very gradually pulling back from its super easy emergency policy measures put in place to deal with deflationary risks,” NAB argues.

The FOMC meeting next week will clearly be influential and especially it’s longer-term dot projections, but in the slightly bigger picture we see nothing here from the ECB today to tempt us away from thinking the EUR is gradually repricing to a higher range,“ NAB adds. 

Source: NAB Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews

from Online Forex Trading Resource
View thesource article here


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s