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28 Jan 2014
Flash: ECB, looser for... much longer? - Scotiabank
FXstreet.com (Barcelona) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank, believes the ECB would extend its accomodative policies longer than the Fed and the BoE.
Key Quotes
"EUR is weak, down 0.2% since yesterday’s close and flirting with a break below its 50‐day MA of 1.3648. We are EUR bears, not believing that it will remain a strong currency backed by weak fundamentals."
"We found weekend comments by President Draghi, that the ECB would consider buying private sector loans a clear sign that central bank policy in Europe will prove more accommodative for longer than either the BoE or the Fed."
Key Quotes
"EUR is weak, down 0.2% since yesterday’s close and flirting with a break below its 50‐day MA of 1.3648. We are EUR bears, not believing that it will remain a strong currency backed by weak fundamentals."
"We found weekend comments by President Draghi, that the ECB would consider buying private sector loans a clear sign that central bank policy in Europe will prove more accommodative for longer than either the BoE or the Fed."