FXStreet (Guatemala) – Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that the ECB’s bank lending survey suggests an improvement in financial conditions.
Key Quotes:
“Policy risk is elevated heading into Thursday’s ECB as we consider recent comments from Banque de France Gov. Noyer and Banco de Espana Gov.”
“Linde, both focusing on the asset purchase program and underscoring 60bn/month as the ‘right level’ while suggesting the possibility of an extension to the timeline. We remain biased to EUR weakness into the end of the week, looking to a break below 1.1300.”
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