Wednesday, April 11, 2018

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...


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