ECB needs to do something - Societe Generale

By FXstreet.com | Updated August 18, 2014 AAA

FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale explained the other big topic of 'news', at least on blogland, has been the need for the ECB to 'do something.



Key Quotes



“Frankly, praying to St Jude (lost causes) would be about as useful."



"The ECB's inability to create loan demand has many causes (bank regulation, for starters) and the effect of 'proper qe' from here would be limited by the extent of asset gains since others went down this path”.



“However, the scars from last week's data will still be raw. I don't have any desire to buy the euro, and it's possible Bund yields fall even further."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    EUR/USD Falls During Wednesday Trading

  2. Forex News

    EUR/USD hovers around 1.1300, German labour report in focus

  3. Forex News

    EUR/USD failure to break above 1.1320/15 – DayTradeIdeas

  4. Forex News

    EUR/USD steadies below 1.1300 post FOMC, German CPI eyed

  5. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Trading Center