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What Can Draghi Say? What Would EUR Do? - Citi
Last week's evidence of stabilizing price pressures in the Eurozone came on the back of recent indications of recovering consumer confidence and business sentiment and that could weaken the case for imminent ECB rate cuts going into the policy meeting on Thursday, argues Citibank. "That said, we think that the prospect for more ECB easing is now well-established EUR-driver which should keep any gains of the single currency in check. We also think that the ECB could still surprise on the dovish side this week by providing beefed-up forward guidance that provides more details about the duration of the extended ... (full story)