Flash: Excuses for ECB to ease - Societe Generale

FXStreet (Guatemala) - Sebastien Galy, Senior FX Strategist at Societe Generale explained, "Low inflation continues to creep into the Eurozone and will creep out of Asia as its long-term FX overshoot corrects. This will offer the excuse the ECB needed to ease."

Key Quotes

"The negative impact on the EUR will be largely transitory, its positive impact on EUR bonds very much lasting. Low inflation and a search for yields should help financial conditions in Europe, helping the periphery to recover and the core to gain time in adapting to a more competitive global environment. This war the ECB is winning, the battle against low inflation is another issue."