Credit Suisse advises buying EUR/USD into the March 10 ECB meeting and sticks to its 3-month forecast of $1.17. It sees risks of a re-run of December, when the ECB’s 10 basis point rate cut was deemed small compared to what the market had expeceted. The “wide range” of measures being talked about recently in addition to expectations of another rate cut “shows how much hope for ECB innovation the market is running with”, it says. “The interesting thing now … is that the actions the ECB needs to take to beat expectations need to be even more spectacular than they were in December,” says Credit Suisse. (firstname.lastname@example.org)
This article originally appeared at TradeQQ.