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.
“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."