Saturday, March 15, 2014

Forex: ECB’s Draghi Warns on Euro Strength – Will it Keep Rising? | DailyFX

Forex: ECB’s Draghi Warns on Euro Strength – Will it Keep Rising? | DailyFX: "Instead, we think that this commentary from President Draghi is merely the first warning, meaning the threshold for action is higher ($1.4500?). Barring a return of crisis conditions, the most palatable outcome for the ECB at present time is a BoE-styled Funding for Lending Scheme (FLS) targeted at boosting credit growth to small- and medium-sized enterprises (SMEs). –CV"



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