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ECB: Not too happy with EUR strength - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at BBH, suggests that the ECB is probably not too happy with euro strength.

    Key Quotes

    “But with aggressive actions taken at the March 10 meeting, the next several meetings cannot be viewed as live. Beyond the usual jawboning, Draghi and his colleagues can only sit back and let the markets work. The euro is approaching the March high near $1.1340 and the 2016 high from February near $1.1375. After that is the October high near $1.15. However, a move towards the August high near $1.1715 could raise the level of concern for Eurozone policymakers.”
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