ECB: what's the bottom line for this week's meeting? - ING
|Analysts at ING explained that the bottom line is that it will be difficult to see a dovish Draghi-led decline in the EUR given the relatively low expectations going into the April ECB meeting.
Key Quotes:
"The ECB chief would have to be on fine 'dovish' form to knock further steam out of the EUR's medium-term bullish trajectory."
"For now, we retain our EUR/USD target of 1.27-1.28 this summer on the back of a hawkish ECB policy re-assessment - which should set the pair on a path towards 1.30 by year-end."
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