Flash: Euro under pressure - UBS

FXStreet (Córdoba) - The UBS analyst team noted that the Euro weakened across the board Friday as market expectations shifted.

Key quotes

"More and more investors expect some kind of easing action by the ECB at next Thursday's ECB meeting".

"We learned that German and pan-Eurozone inflation is surprisingly low in January and the trend stays subdued. On top of that an easier policy would be an insurance for European banks against emerging market turbulences".

"We therefore expect the Euro to weaken further ahead of the ECB meeting".