FW: [Maybank] EUR Swings With Draghi, Again

 

 

EUR Swings With Draghi, Again Global Markets Daily by Saktiandi Supaat FX Research Amongst the central bankers in the developed world, ECB is likely the only one that has moved its currency at almost every post decision press conference. EUR spiked on Draghi's comments that "ECB expects growth to remain solid, broad-based", no discussion on EUR volatility, "certain encouraging signs on wage growth". The move towards 1.22 did not last long. The EURUSD seemed to have deflated right after Draghi ended his press conference, in disappointment... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Fiona Lim     (65) 6320 1374     fionalim@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.