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EUR/USD: What Is The Level That Could Really Trigger ECB Easing? - BTMU
The euro has pared some its recent gains overnight following comments from ECB President Draghi on the strengthening of the effective euro exchange rate and how this had a significant impact on current levels of inflation and price stability. In this regard, Bank of Tokyo-Mitsubishi UFJ (BTMU) thinks that Draghi's comments are not a game changer for the EUR arguing that the ECB’s staffs’ average forecast for inflation in 2016 is already low at 1.5%, and this already signals that a further significant strengthening of the euro would likely trigger additional ECB easing by increasing the likelihood that inflation ... (full story)
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