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3 Jul 2014
ECB to remain in the sidelines - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ expects the ECB to refrain from announcing further measures today.
Key Quotes
"The main focus in the European trading session today will be the ECB and Riksbank monetary policy meetings. The ECB is expected to maintain an unchanged monetary policy stance after unveiling a package of easing measures at their last meeting."
"The measures have helped to lower yields in the euro-zone but have had little impact so far on lowering the euro. Unless ECB President Draghi attempts to talk down the euro, and/or signals that the ECB have made further progress on their asset purchase plan, then it is unlikely that today’s policy meeting will have much impact on euro direction in the near-term."
Key Quotes
"The main focus in the European trading session today will be the ECB and Riksbank monetary policy meetings. The ECB is expected to maintain an unchanged monetary policy stance after unveiling a package of easing measures at their last meeting."
"The measures have helped to lower yields in the euro-zone but have had little impact so far on lowering the euro. Unless ECB President Draghi attempts to talk down the euro, and/or signals that the ECB have made further progress on their asset purchase plan, then it is unlikely that today’s policy meeting will have much impact on euro direction in the near-term."