Tag Archives: ECB
Daily Currency Briefing: Debt crisis against debt crisis
G10 Currencies EUR: On to the next act of the Greek debt crisis: the rating agency Standard & Poor’s has lowered Greece’s rating by three notches. At CCC the risks are now considered to be “substantial” and the securities are “extremely speculative”.
FX DAILY STRATEGY Asia – 14 June 2011
Chinese inflation may come in higher than expectations, but IP will be important in indicating a slowdown We still like short EURCHF as the divergence of opinions over Greece lingers on US retail sales will likely reaffirm slowdown in economy
HSBC: Currencies: Currency Weekly: EUR and CHF: Where core EUR might have been
Since the onset of the sovereign debt problems, EUR and CHF have behaved very differently. Monetary conditions in Switzerland are now much tighter than in the Eurozone, so it is unlikely the SNB will follow ECB rate rises.
Daily Forex Outlook: The Fed speech after Bernanke’s
EUR USD (1.4490) Jean-Claude Trichet delivered yesterday what the majority of market participants had come to expect by saying ‘strong vigilance’ will be needed to curb upward price pressure. The euro sold off on what is generally thought to indicate an imminent rate hike, reportedly due to ‘buy the rumour sell the fact’ dynamics.
European Sunrise – No calm before the storm
The hardened positions between the ECB and the German government about the private sector involvement in a rescue deal for Greece favours a risk off bias which supports Bunds, even though the ECB will continue to hike rates next month.
Daily Currency Briefing: Uncertainty beats credibility
G10 Currencies EUR: Why did the euro ease following the ECB press conference despite the fact that Jean-Claude Trichet gave a de-facto announcement of a rate rise in July?
HSBC FI – ECB & MPC decisions, rift on Greece.
ECB to signal a hike in July (13:45CET) By using the expression ‘strongly vigilant’ the ECB is likely to indicate that a 25bp increase will come in July (HSBC Economics & Bloomberg consensus).