Goldman Sachs flags risks for a higher euro on ECB disappointment
I posted earlier on ANZ's wrning on the upside risk for euro:
GS signal risks along the same lines:
- risks of a disappointing outcome high
- package could easily disappoint in terms of its size, its timing "or even whether it happens at all"
- "We are no longer confident that an outcome in line with our view [for a substantial easing package] will drive the euro lower against the dollar over the near term"