ECB: what's the bottom line for this week's meeting? - ING

Ross J Burland FXStreet

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."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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