Expects trend of tighter monetary policy to continue Impossible to calculate irrational steps like Greece leaving the euro or restructuring its debt
Exiting too late from fiscal stimulus risks triggering adverse adjustment in global asset prices Systemically relevant countries have special obligation for international cooperation They be hawkish comments. EUR/USD sits up at 1.4362.
Prosperity of euro zone inextricably linked to success of euro Yuan should be in position to become major international currency if China allows fx flexibility, liberalises capital account
Greek disaster would be contagious for whole euro zone Greek exit from euro would damage Greece but also other countries System to its knees, contagious, damage oh-eh missus. EUR/USD extends sell-off, presently at 1.4275. Countries that have to reorder public … Continue reading
From 39.1 bln in March. EUR/USD slipping back on the news, presently at 1.4387. Talk of light intraday stops down in 1.4375/80 area. Buy orders seen 1.4360 down to 1.4340.
ECB has fulfilled mission regarding buying sovereign debt Risks of second round effects have risen. No more bond buying, Greek banks would be cooked in a restructuring but rate hike risks are rising…talk about a mixed message.
Will consider new ECB projections, data when weighing policy in June Thursday policy decision not responding to euro zone periphery risks, we look at euro area as a whole (or is that a hole) Non-standard measures are to address difficulties … Continue reading