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Aggressive ECB tone could weigh on euro but Jackson Hole key - Credit Agricole

Discussion in 'Fundamental Analysis' started by ForexLive, Aug 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    From Credit Agricole The EUR has been well supported of late. This appears to be on the back of stable ECB rate expectations and reduced sensitivity to risk sentiment. Regardless of inflation expectations as measured by 5Y inflation swaps being close to historic lows, we see limited scope for the ECB to consider a more dovish monetary policy stance any time soon. This is especially true when it comes to interest rates.

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