ECB minutes push EUR higher - Rabobank

Analysts at Rabobank suggest that let’s wait and see how the overall Eurozone economy holds up when and if the ECB do decide to actually do something other than doing slightly less of something that many say they shouldn’t have done in the first place.

Key Quotes

“ECB’s December minutes yesterday showed that “The view was widely shared among members that the Governing Council’s communication would need to evolve gradually, without a change in sequencing, if the economy continued to expand and inflation converged further toward the Governing Council’s aim…The language pertaining to various dimensions of the monetary-policy stance and forward guidance could be revisited early” in 2018. Apparently, that translates from the central-banking dialect of Eurocrat into “rate hikes ahoy!” or so the markets took it, with EUR leaping from 1.1940 to 1.2040and 10-year Bund yields spiking to 0.58%, when they were at 0.43% on the first day of the year.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.