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19 Mar 2015
Central Bank policy back in focus - Scotiabank
FXStreet (Guatemala) - Eric Theoret, currency strategist at Scotiabank noted that the EUR is weak again.
Key Quotes:
"The passing of the FOMC has shifted the focus back to central bank policy divergence and euro area event risk, as we look to the potential for headline driven movement arising from the EU leaders’ summit beginning at 11:00am EST. Greece is a focus, with Merkel and Greek PM Tsipras scheduled for bilateral discussions early next week."
"The ECB is rumored to have provided another increase in ELA to Greece, however the 400MM boost is said to have fallen short of the 900MM requested. Lastly, the 97.85bn TLTRO was above the 40bn median."
Key Quotes:
"The passing of the FOMC has shifted the focus back to central bank policy divergence and euro area event risk, as we look to the potential for headline driven movement arising from the EU leaders’ summit beginning at 11:00am EST. Greece is a focus, with Merkel and Greek PM Tsipras scheduled for bilateral discussions early next week."
"The ECB is rumored to have provided another increase in ELA to Greece, however the 400MM boost is said to have fallen short of the 900MM requested. Lastly, the 97.85bn TLTRO was above the 40bn median."