Societe Generale Cross Asset Strategy Research discusses the EUR outlook going into next week's ECB meeting.
"Next week sees the likely announcement of an extension to the ECB’ QE programme until September at a reduced pace of €25bn per month. Over time, however, the disconnect between real Bund yields and the strength of the eurozone economy will probably act as a magnet dragging the euro higher in due course
This will sow the seeds of the euro’s next leg higher but isn’t likely to propel it out of its range just yet," SocGen argues.
Source: Societe Generale Cross Asset ResearchOriginal Article
