21 Jan 2015
ECB QE hopes dampen after Nowotny’s comments – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team comments that Nowotny’s comments that there was no need to get overexcited about tomorrow’s ECB meeting dampened hopes of an ECB action tomorrow.
Key Quotes
“ECB's Nowotny: ECB meeting will be an interesting one, but nothing to get overexcited about. He reiterated that did not expect deflation in Euro Zone. Harder to fight deflation than inflation, so must watch inflation developments 'closely'”
“Hopes of ECB action tomorrow was somewhat dampened by Nowotny comments after he stated that there was no need to get overexcited about the meeting. The session saw some re-positioning of FX and fixed-income bets to be on the safe side. EUR/USD steady at 1.1565 ahead of the NY morning.”
Key Quotes
“ECB's Nowotny: ECB meeting will be an interesting one, but nothing to get overexcited about. He reiterated that did not expect deflation in Euro Zone. Harder to fight deflation than inflation, so must watch inflation developments 'closely'”
“Hopes of ECB action tomorrow was somewhat dampened by Nowotny comments after he stated that there was no need to get overexcited about the meeting. The session saw some re-positioning of FX and fixed-income bets to be on the safe side. EUR/USD steady at 1.1565 ahead of the NY morning.”