Euro Tumbles On Reports ECB Will Cut Inflation Forecasts

Jon Economy

EURUSD tumbled this morning, erasing the gains following US payrolls weakness on Friday, after reports that officials familiar with the matter said the ECB’s draft projections show slower consumer-price growth in the three years through 2019 versus March forecasts.
‘You saw the German bund jump with stocks right after that news, clearly,’ said Nacho Lopez, an institutional sales officer at brokerage Ahorro Corp. in Madrid, ‘It means we may hear a more conservative tone from the ECB at tomorrow’s meeting.’

This post was published at Zero Hedge on Jun 7, 2017.