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Draghi & Carney Lash out at Bernanke's Taper

by Ashraf Laidi
Jul 4, 2013 16:26

Both Draghi and Carney unleashed carnage in their own currencies as they warned against the growth repercussions of rapid rise in market interest rates. Said otherwise, both central bankers are concerned at their economies' inability to handle soaring borrowing costs, stemming from Fed Chairman Bernanke's candid assessment in suggesting that reducing asset purchases will begin this year.  See EURUSD's Summer Inflection Points

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Draghi & Carney Lash out at Bernanke's Taper - Eurusd Junes Julys (Chart 1)

 
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