According to Greg Gibbs, Analyst at Amplifying Global FX Capital, the case for a weaker EUR is that the financial market stress in the Eurozone will cause the ECB to extend its QE and delay rate hikes. Key Quotes “The message received by the market is that they are looking for the exit, so it may not be as quick or as eager to extend and expand as it was a few years back. Draghi’s term ends in October.’ “Eurozone crisis has not always hurt the EUR as capital flight from the periphery went to the core, not out of the EUR. And it could be argued that if weaker periphery members pulled out, the core would be stronger.” “Furthermore, the Eurozone has a current account surplus and does not need to attract foreign capital for stability. The case for a weaker EUR is more generated from the economic chaos from weaker periphery bleeding to the core, forcing fiscal transfers, and monetary policy easing.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY drops to 127.40, challenges multi-month lows FX Street 5 years According to Greg Gibbs, Analyst at Amplifying Global FX Capital, the case for a weaker EUR is that the financial market stress in the Eurozone will cause the ECB to extend its QE and delay rate hikes. Key Quotes "The message received by the market is that they are looking for the exit, so it may not be as quick or as eager to extend and expand as it was a few years back. Draghi's term ends in October.' "Eurozone crisis has not always hurt the EUR as capital flight from the periphery went to the core, not out… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
