April ECB cheat sheet: Confused about tariffs? Don’t count on ECB guidance
We look at four possible scenarios and implications for rates and FX ahead of this week's ECB meeting
ECB hawkishness not enough to lift the euro right now
The implicit openness to a 50bp hike in September by the European Central Bank today generated only a short-lived bounce in EUR/USD. We think that rising…
Striking trends in EUR credit supply
Supply in 2021 is off to a big start in euro. There have been some particularly interesting trends forming, such as the increase in Hybrids supply (as…
The bar was set high and the ECB did not over-deliver. With the strong bearish USD dynamics in place, the trend in EUR/USD is up. We target 1.25 in 2021,…
The ECB delivered and the €600bn PEPP expansion further helped to stabilise EUR. The euro risk premium is currently no longer an issue. If anything,…
