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Most significant week for central banks - Investec

FXStreet (Delhi) – Research Team at Investec, suggests that this week could turn out to be one of the most significant weeks for central banks since the inception of the Financial Crisis.

Key Quotes

“Even beyond any surprises from the Reserve Bank of Australia on Tuesday morning or the Bank of Canada on Thursday, markets will have a large focus on the ECB on Thursday and finally US payrolls on Friday (which will be heavily linked to the 16-Dec FOMC decision).”

“Most of these central banks have made a concerted effort to warn the market of their intentions. Australian Governor Stevens is signalling interest rates may have bottomed. ECB President Draghi has signalled stimulus is up for review and additional easing should be expected.”

“Fed Chair Yellen has expressed December as a ‘live’ meeting to raise interest rates in the US and the payrolls report will likely be a deciding factor. If the latter two play out as expected, we could see the Euro finally reach parity against the US Dollar.”

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