Back
31 Mar 2014
EUR/USD eyes on EZ Inflation figured – Danske Bank
FXStreet (Barcelona) - Flemming J. Nielsen, Senior Analyst at Danske Bank comments that today, March inflation figures from the euro-zone will give us further indications whether the ECB is likely to ease on Thursday.
Key Quotes
“Our economists expect CPI to drop to 0.5% y/y in March, which we believe will be low enough to trigger a reaction by the ECB.”
“On the other hand, Fed’s Janet Yellen is scheduled to speak later today. It is likely that she will try to change the rhetoric from the latest FOMC meeting, when she caught the market by surprise with some hawkish statements.”
“A less hawkish Fed will ease some of the pressure currently weighing on EUR/USD.”
Key Quotes
“Our economists expect CPI to drop to 0.5% y/y in March, which we believe will be low enough to trigger a reaction by the ECB.”
“On the other hand, Fed’s Janet Yellen is scheduled to speak later today. It is likely that she will try to change the rhetoric from the latest FOMC meeting, when she caught the market by surprise with some hawkish statements.”
“A less hawkish Fed will ease some of the pressure currently weighing on EUR/USD.”