EUR: Dip-Buying Demand To Remain Strong Into ECB October Meeting – Nomura

Nomura FX Strategy Research argues that the balance of risks points to an extension in EUR appreciation trend into the October meeting.

"There are a couple of potentially dovish elements (mention of FX volatility in the introductory statement, 2019 inflation forecast downgrade, and no commitment on an October announcement), but the market has likely already priced them, as they were mostly leaked before the meeting.

We expect dip-buying demand for EUR to remain strong into the October meeting, on the back of tapering announcement expectations," Nomura argues.

Source: Nomura Securities ResearchOriginal Article