Seems to have a bit further to travel lower on that basis then methinks
Peter Praet interviewed in Les Echos
- divergence between US and Eurozone economies is now better reflected than before in EURUSD rate
- ECB could take further interventions again in markets if needed
- financial conditions started to improve in Eurozone
- ECB not satisfied with workingd of Troika
EURUSD 1.1336 EURGBP 0.7456 EURJPY 132.88
Update:
- inflation will take time to react to QE measures
- banks have been a little late in granting loans to meet demand
- QE programme has come at the right time
- consumer spending showing signs of improvement thanks to structural reforms
Peter Praet- the only way is up ?
