What Mario taketh (removed lower rate guidance), he also giveth (keeps “well past” QE language) as Citi notes The ECB came in just about exactly where the market expected it to be leaving EURUSD slightly lower. The question is now whether the ECB have something left in the locker for Draghi’s press conference? If it stays like this, Citi expects EUR to go lower.
The ECB dropped the easing bias, and reiterated that rates are to stay at present or lower levels past QE horizon, sees QE running until end of December or beyond if needed… and EUR is leaking…
This post was published at Zero Hedge on Jun 8, 2017.
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