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Goldman: What Now For Our EUR/USD Call One Week After The ECB
Ahead of last week's ECB meeting, Goldman Sachs had highlighted the event as an important catalyst for EUR downside. Then, a day after the ECB meeting, GS argued that the rebound in EUR on a significant easing package from the ECB was puzzling and did not make sense. Today, GS is out with another note discussing its bearish EUR/USD call with almost one week after the ECB meeting. Specifically, GS addresses two main pushbacks to EUR/USD lower in the market. The first is that the ECB does not take the challenge of low inflation as seriously as it should, in part because its communication on the subject is a bit ... (full story)
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