OctaFX | OctaFX Forex Broker
Open trading account

Bank Policies to Drive EUR - Band of America Merrill Lynch Global Research

FXstreet.com (London) - Tomos Rhys Edwards, Senior Vice President, Communications and Media Relations at Bank of America Merrill Lynch Global Research said that there are expectations for central bank policies to drive the Euro.

They expect the Euro outlook in the next few months to be determined by ECB policies and market expectations for their direction compared with FED policies. In turn, their bank believes that the impact of ECB policies on the Euro will be determined by the balance between monetary policy loosening to address weakness in the core Eurozone economies and deflation risks on the one hand, and policies to address the continued credit crunch in the periphery on the other.

Their team believes that the balance between the two is most likely to be towards an overall ECB policy stance that will weaken the Euro, but positive surprises to help credit in the periphery should not be excluded. He said, that moreover, the timing of the announcements of ECB policies in these two areas and whether and how the two will be combined could also affect the level and the path of the Euro.

USD/CHF weakens further to 0.9672/74

The USD/CHF has weakened during US trading, following the release of economic data in the United States – presently; the cross is operating at 0.9672/74 Monday.
Read more Previous

Flash: Commodity currency outlook on a shallower US downturn for Q2 – JP Morgan

Craig MacDonald, Media Relations, Markets & Investor Services, J.P. Morgan gives the banks commodity currency targets for Q2.
Read more Next
Start livechat