7 Feb 2014
Flash: Euro may gain further after ECB - ANZ
FXStreet (Bali) - Brian Martin, Senior Strategist at ANZ, comments on the latest ECB decision.
Key Quotes
"The ECB left interest rates unchanged and provided no indication that it is planning to ease policy further at the March Governing Council meeting."
"The tone of the press conference indicated that the ECB may be becoming more confident in the outlook for economic growth. It also anticipates a recovery in M3 growth and continues to see no evidence of deflation."
"The euro responded positively to the shift in tone and may gain further if the market starts to focus more on economic recovery prospects rather than the soft price climate."
Key Quotes
"The ECB left interest rates unchanged and provided no indication that it is planning to ease policy further at the March Governing Council meeting."
"The tone of the press conference indicated that the ECB may be becoming more confident in the outlook for economic growth. It also anticipates a recovery in M3 growth and continues to see no evidence of deflation."
"The euro responded positively to the shift in tone and may gain further if the market starts to focus more on economic recovery prospects rather than the soft price climate."