14 May 2014
ECB rate cut moving one step closer - UBS
FXStreet (Córdoba) - The UBS analyst team commented that the EUR/USD might fall further when Bundesbank's Head Jens Weidmann speaks today following yesterday's media reports about the Buba having ECB's back.
Key Quotes
“Unnamed sources claimed in the Wall Street Journal that even the Bundesbank is in favour of a rate cut and other easing measures, if the ECB's inflation forecast for 2016 is lowered”.
“This is important, since the Head of the Bundesbank, Jens Weidmann, is scheduled to speak on Wednesday”.
“EUR/USD fell already to 1.37 due to the article in the Wall Street Journal and might drop even further, when the official Weidmann statements are released”.
Key Quotes
“Unnamed sources claimed in the Wall Street Journal that even the Bundesbank is in favour of a rate cut and other easing measures, if the ECB's inflation forecast for 2016 is lowered”.
“This is important, since the Head of the Bundesbank, Jens Weidmann, is scheduled to speak on Wednesday”.
“EUR/USD fell already to 1.37 due to the article in the Wall Street Journal and might drop even further, when the official Weidmann statements are released”.