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EUR: The Quiet Before The Storm; How To Play It? - Credit Agricole

Discussion in 'Market News' started by ForexLive, Nov 27, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Credit Agricole is a huge French banking group; their trading view on EUR/USD ahead of the European Central Bank This is via eFX . In essence, the ECB will want to distinguish between retail and wholesale banks in the Eurozone. The policy makers are reluctant to penalize the retail banks that fund themselves mainly via domestic deposits too aggressively given that this could increase the risk of deposit flight. As a result, they could end up penalizing wholesale banks more aggressively given that the threat of deposit flight is less pronounced there.

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