Central Banks

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”

GS comments via FT

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