Still waiting for action rather than promises from ECB - Societe Generale

FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the ECB to start acting instead of increase the 'verbal intervention'.

Key Quotes

"Yesterday morning I observed that the Euro was trading a bit rich relative to model values. Maybe that reflected positioning."

"A little flush, and we're back in line. On that reasoning, Mario Draghi's timing was good but his promises of action may not amount to much more than a hill of beans."