ECB easing expectations support confidence, but EUR impact limited – BNP

FXStreet (Bali) – According to BNP Paribas, the EUR is likely to remain under pressure on anticipation of further QE by the ECB.

Key Quotes

“German ZEW investor expectations rose in November, in line with our economists’ expectations and consistent with rising expectations for further ECB easing and a consequent renewed weakening of the EUR.”

“The EUR is likely to remain under pressure, with the ECB very likely to go ahead with further easing measures despite improving sentiment.”

According to BNP Paribas, the EUR is likely to remain under pressure on anticipation of further QE by the ECB.

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