13 May 2014
EUR/USD to continue to trade heavy - UBS
FXStreet (Córdoba) - The UBS analyst team expects the EUR/USD to continue to trade heavy in the wake of recent comments from ECB members.
Key Quotes
“The head of the Austrian Central Bank and member of the ECB Council Ewald Nowotny re-enforced statements made by ECB President Mario Draghi last week”.
“He claimed that a rate cut by itself is probably not sufficient to re-accelerate inflation. This might even imply that Nowotny would vote for quantitative easing”.
“Markets are now eagerly waiting for next Wednesday, when Bundesbank President Jens Weidmann is scheduled to speak”.
“We expect EUR/USD to continue to trade heavy”.
Key Quotes
“The head of the Austrian Central Bank and member of the ECB Council Ewald Nowotny re-enforced statements made by ECB President Mario Draghi last week”.
“He claimed that a rate cut by itself is probably not sufficient to re-accelerate inflation. This might even imply that Nowotny would vote for quantitative easing”.
“Markets are now eagerly waiting for next Wednesday, when Bundesbank President Jens Weidmann is scheduled to speak”.
“We expect EUR/USD to continue to trade heavy”.