4 Nov 2013
Flash: A dovish tone to come from ECB?
FXstreet.com (London) - Research teams at BBH said It goes without saying, one would have thought that Draghi will strike a dovish tone at the press conference following this week's ECB meeting.
Key Quotes:
“The real data has lagged behind the survey data that Draghi had previously pointed to and what had appeared to be improvements in the labor markets have been revised away”.
“Austerity among the debtors has not been offset by stimulus among the creditors”.
“Although the citation of Germany in the US Treasury report on the foreign exchange market raised some eyebrows, got some chins wagging and keyboards clicking, there can be little doubt of the unspoken agreement throughout much of Europe”.
Key Quotes:
“The real data has lagged behind the survey data that Draghi had previously pointed to and what had appeared to be improvements in the labor markets have been revised away”.
“Austerity among the debtors has not been offset by stimulus among the creditors”.
“Although the citation of Germany in the US Treasury report on the foreign exchange market raised some eyebrows, got some chins wagging and keyboards clicking, there can be little doubt of the unspoken agreement throughout much of Europe”.