EUR to build on gains? – BBH

FXstreet.com (London) - Research teams at BBH noted that the euro last week traded at multi-year highs against the dollar, and could build on those gains this week.

Key Quotes:

“It will be interesting to see if Draghi pushes back at all against the firmer euro at next week’s meeting”.

“With money growth slowing and inflation still low, the tightening of monetary conditions from a strong euro is probably not what policymakers want to see right now”.

“However, as we know from official comments, there is no consensus on the exchange rate currently”.