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2 Aug 2013
Flash: EUR/USD - ECB considers publishing minutes - Societe Generale
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy believes that the ECB Press conference dangled the possibility of publishing Minutes, maintained a dovish tone, but told us little.
Key Quotes
“The ECB seems likely to ease further despite the economy moving from recession to stagnation. Another rate cut, possibly even another LTRO, will be unleashed.”
“The ECB will continue its stout defence of peripheral bond markets, though we will have to absorb the latest Italian political uncertainty.”
“I prefer Bonos to BTPs and I still think the front end of the Euro curve (1yr/1yr) is the most attractive place to invest for ‘low or lower rates for long or even longer’.”
Key Quotes
“The ECB seems likely to ease further despite the economy moving from recession to stagnation. Another rate cut, possibly even another LTRO, will be unleashed.”
“The ECB will continue its stout defence of peripheral bond markets, though we will have to absorb the latest Italian political uncertainty.”
“I prefer Bonos to BTPs and I still think the front end of the Euro curve (1yr/1yr) is the most attractive place to invest for ‘low or lower rates for long or even longer’.”