EUR: No Firework From ECB, No EUR Impact; Wait For The June Meeting – BofA


The ECB holds a policy meeting on Thursday. What will be the impact on EUR?

Here is their view, courtesy of eFXdata:

Bank of America Global Research discusses its expectations for this week’s ECB policy meeting on Thursday.

No fireworks from the ECB, wait for the June meeting. Good news on NGEU and reopening could lead to policy mistakes. We are concerned about a mini taper-tantrum into June given lack of clarity on policy reaction function,” BofA adds.

We see no EUR impact before more clarity on the Strategy Review, which can go either way,” BofA adds.

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Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer.