Forex: Dollar At Risk of Tumble Awaits Next Risk Move | DailyFX: "Euro: Speculation of New ECB Stimulus Growing
Though there are few concrete means for measuring, there is a growing market contingent – analysts, economists, traders – that believe the ECB is preparing for a fresh upgrade to its monetary policy support. Justification for such a move is ample. Growth measures are bifurcated, market rates are rising and bank-level liquidity is draining as the LTRO program is paid off. While this is not an immediate threat, it makes the system exceptional exposed to any new issues – whether sovereign or financial sector related. And given the exit of two EZ members from their bailout programs (Ireland has emerged without a precautionary credit line) along with reports that Greece is in need of another stimulus program; the pressure continues to build. We will look more closely at the ECB’s options tomorrow in the lead into the policy decision."
'via Blog this'
