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ECB's Bazooka: What's Now For EUR? - Views From 10 Major Banks
At its meeting today, the ECB introduces a QE program of €60bn per month across ABS, covereds, government, corporates, and European agencies until end-September 2016 and beyond until inflation is consistent with target. The following are a selection for the reactions to this decision and what does it mean for the EUR going forward as provided by the FX strategists at 10 majors banks - 2 of these banks (HSBC & BofA Merrill) have already cut their EUR forecasts following today's ECB move. SocGen: The euro can't keep falling without correction while the risk markets rally, but we're no wiser on the need for ... (full story)