9 Dec 2013
Flash: Euro continues to strengthen following ECB meet - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the euro continues to strengthen modestly following last week’s ECB policy meeting at which no clear signal was provided that further monetary easing will soon be forthcoming while liquidity conditions continue to tighten.
Key Quotes
“Euro-zone finance ministers won’t likely be able to decide upon disbursing the next loan tranche to Greece at today’s Eurogroup meeting given that the Troika review is ongoing.”
“The Greek parliament approved its 2014 budget yesterday although it still needs to resolve differences with the Troika over spending cuts and structural reforms.”
Key Quotes
“Euro-zone finance ministers won’t likely be able to decide upon disbursing the next loan tranche to Greece at today’s Eurogroup meeting given that the Troika review is ongoing.”
“The Greek parliament approved its 2014 budget yesterday although it still needs to resolve differences with the Troika over spending cuts and structural reforms.”