FW: [Maybank] EUR – Bullish but Do Not Get Overly Carried Away

 

 

EUR – Bullish but Do Not Get Overly Carried Away FX Flash by Saktiandi Supaat FX Research While we remain constructive of EUR's outlook in the medium term, we caution against over-interpreting ECB member Nowotny's comments on policy normalisation yesterday. He said he was ready to raise deposit rate by 20bps from -0.4% to -0.2% as a first step and then to include the main refinancing policy rate as a second step. Subsequently ECB released a press statement to say that Governor Nowotny's comments are his owns and they do not represent the view of the Governing Council... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.