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EUR & ECB: Mixed impressions but no risk premia build up
In our ECB & EUR Preview, we focused on two aspects of today’s ECB meeting when it comes to the EUR/USD price action: (1) The potential top-up of the Pandemic Emergency Purchase Programme (PEEP); and (2) President Lagarde's communication. Although the former was stronger and more convincing than the latter, the EUR/USD should still be heading higher into the summer months : 1 Measures announced or signalled President Lagarde hinted that the PEPP programme will be extended (as we and the market expected). Moreover, to ease the strains on the economy (as well as the banking sector) the ECB introduced a new series of ... (full story)
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- Apr 30, 2020 1:13pm Apr 30, 2020 1:13pm
- Ghass1234
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- Apr 30, 2020 4:23pm Apr 30, 2020 4:23pm
- RossEdwards
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