13 May 2014
EUR/USD remains offered - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, remarks the weakness surrounding the euro.
Key Quotes
"Comments from ECB's Constancio and Nowotny were the highlight of a very quiet start to the week yesterday. Both took a small step back from Draghi's comments on Thursday, saying it is too early to speculate on June action from the ECB."
"This puts greater emphasis on the data coming out of Europe later this month, although as Draghi stated during the press conference a key influence on their policy decision will be the ECB staff forecasts and bank lending data due in June. A final point worth noting is that Nowotny also hinted that a package of measures could be considered, with his own view being that a rate cut on its own would be insufficient."
Key Quotes
"Comments from ECB's Constancio and Nowotny were the highlight of a very quiet start to the week yesterday. Both took a small step back from Draghi's comments on Thursday, saying it is too early to speculate on June action from the ECB."
"This puts greater emphasis on the data coming out of Europe later this month, although as Draghi stated during the press conference a key influence on their policy decision will be the ECB staff forecasts and bank lending data due in June. A final point worth noting is that Nowotny also hinted that a package of measures could be considered, with his own view being that a rate cut on its own would be insufficient."