I posted earlier on ... Deutsche Bank says Yellen is facing the risk of a currency war
Bloomberg had an overnight piece up a similar sentiment from Commerzbank, ICYMI.
- The euro has slid in recent days after policy maker Klaas Knot said the central bank has the tools to prevent any further strengthening of the currency undermining inflation.
- "The timing of the ECB's communication campaign suggests that it does not want to slow down the speed of appreciation of the euro, but wants to force certain exchange rate levels," Commerzbank AG's head of currency strategy Ulrich Leuchtmann said in a note. "We can only interpret this to mean that the ECB has de facto declared currency war."
The Bloomberg piece is here if you did miss it.
