EUR: ECB meeting largely a non-event - ING

Sandeep Kanihama FXStreet Contributor

Viraj Patel, Foreign Exchange Strategist at ING, suggests that there is a small matter of the Dec ECB meeting to deal with (Thu), which should be a non-event for the EUR – especially as the QE taper plans have now been unveiled.

Key Quotes

“Some attention may be paid to the ECB's longer-run forecasts (which will include the 2020 outlook). But we note that the next big thing will be the moment when markets start to position for higher ECB deposit rates; this is not priced in yet, but for us is a summer 2018 story that takes EUR/USD to 1.25.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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