EUR/USD: Recent bounce is on borrowed time – TDS EURUSD CPI ECB USDJPY Banks
hawkish message on QE resonate. But economists at TD Securities think EUR's 'elevated' status is on borrowed time.“With the US CPI numbers coming in on the screws in the top-line metrics, the ECB's hawkish message should be able to resonate for now.
“We think that the JPY is increasingly looking like the cleaner expression of US-centric risks especially as the BoJ is likely to pare back its growth assessment at next week's meeting. As such, we are biased to fadeInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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