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Dovish tone to remain from the ECB – Danske Bank

FXStreet (Edinburgh) - Pernille Nielsen, Senior Analyst at Danske Bank, expects the ECB to repeat the recent tone in this week’s meeting.

Key Quotes

“We expect no rate cut or QE from the ECB but all options should be left open in a very dovish statement”.

“In the US we expect the labour market to show strong gains in employment in August”.

“Bank of Japan should acknowledge increasing downside risk from the consumption tax hike but new easing measures are unlikely until late October”.

“In Sweden Riksbank is expected to remain on hold and keep its repo-rate forecast broadly unchanged”.

Germany Markit Manufacturing PMI came in at 51.4, below expectations (52) in August

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