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April ECB Meeting Crib Sheet: Will Draghi say it best when he says nothing at all?
It may be a strange ECB meeting for markets on Thursday - one which may see President Mario Draghi say it best when he says nothing at all. Risk-reward, however, favours Euro upside given the less bullish sentiment, more neutral positioning of leveraged funds and extremely high bar for the ECB chief to talk down the currency • After a relatively dovish message in March, the risk to the Euro at this Thursday's ECB meeting is that President Draghi ratchets up his concerns over the outlook for the Eurozone economy - stemming from either slower cyclical macro dynamics and/or heightened trade and geopolitical ... (full story)
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