Draghi Spares Euro Slow & Painful Descent

by Ashraf Laidi

Nov 7, 2013 17:32

Today's surprise ECB rate cut is seen less negative for the euro than had the ECB waited until December, in which case the currency would have been more likely to descend into a slow drag until December. Although the refi rate spread with the deposit rate is at its lowest since the euro began trading, stabilisation is seen ahead. Charts & analysis

Click To Enlarge

Latest IMTs

• What will the Fed do?
  by Ashraf Laidi | Jul 5, 2022 14:52
• From Inflation to Slowdown
  by Ashraf Laidi | Jun 30, 2022 17:10
• ما تعني إشارة القطاعات للمؤشرات
  by Ashraf Laidi | Jun 21, 2022 15:16
• 200 WMAs & Retracements
  by Ashraf Laidi | Jun 17, 2022 16:54
• 3 Takes on Gold's Response to CPI
  by Ashraf Laidi | Jun 10, 2022 18:17