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18 Sep 2014
TLTRO allotment a risk event for the EUR - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that the TLTRO allotment announcement presents some domestic event risk for the EUR today.
Key Quotes
"The TLTRO allotment announcement presents some domestic event risk for the EUR today and any ‘disappointment’ on this front may incite further dovishness out of the ECB, not to mention heightened negativity towards the EUR."
"The dichotomy between the Fed and the ECB has been made all the more apparent by the FOMC and will likely continue to weigh on the pair with heaviness still expected within 1.2810-1.2950 in the near term."
Key Quotes
"The TLTRO allotment announcement presents some domestic event risk for the EUR today and any ‘disappointment’ on this front may incite further dovishness out of the ECB, not to mention heightened negativity towards the EUR."
"The dichotomy between the Fed and the ECB has been made all the more apparent by the FOMC and will likely continue to weigh on the pair with heaviness still expected within 1.2810-1.2950 in the near term."