despite the sharp decline in US rates
Credit Suisse remains suspicious of EUR/USD capacity to sustain a rally
The euro is down 35 pips to 1.1247 today.
"We suspect the ECB will continue to jawbone it lower whenever it
pushes beyond the EURUSD 1.15 level as there are enough disinflationary
forces still in evidence in the euro area to make this a sensible policy," Credit Suisse
argues.
