Menu
Sister Sites

  • ECB's Constancio says it's very clear that we don't have an FX objective

    From forexlive.com

    More from Constancio •Euro area can cope with higher US rates •Euro area risks are to the downside •He may not have an FX objective but he won't be minding the moves right now

Really?
When the facts change I change my mind, what do you do sir
what is a Fx objecive?
They do not have FX objective because they don't give a DAMN about the eurozone.
Losers Hope, Winners Believe
Quoting Shiv999
They do not have FX objective because they don't give a DAMN about the eurozone.
Why should they (in this case Germany)? Euro is cheap =Export is cheap (internal purchasing power not dropping); Oil is cheap = production cost low ; Labour is getting cheaper after the importation of "refugees"

So, almost all aspects of German economy is covered, why wouldn't they be happy? SMH.

Case closed.
Quoting Ojiego
Why should they (in this case Germany)? Euro is cheap =Export is cheap (internal purchasing power not dropping); Oil is cheap = production cost low ; Labour is getting cheaper after the importation of "refugees"

So, almost all aspects of German economy is covered, why wouldn't they be happy? SMH.

Case closed.
Lol..
Losers Hope, Winners Believe
Quoting t4fast
what is a Fx objecive?
...someone who complains about the exchange rate
Carbon-Dioxide: the gas of life!
If they had an objective or even an Idea the EUR might be doing a bit better.
can think of some great ideas like shut all the boarders permanently and allow free passage to citizens that are working or going on holiday. Boycott all purchasing from the U.S.A and shut down the ECB. Then lower taxes and cut all government jobs by 50%.
  • New Comment
  •  Guest
  • | IP XX.XXX.111.47
Join FF
  • Story Stats
  • Posted: Nov 25, 2015 6:07am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 7  /  Views: 4,050