Euro Surges To 9-Month High, BofAML Says “Hawkish Festival” Is Dumb As Shit

Euro Surges To 9-Month High, BofAML Says “Hawkish Festival” Is Dumb As Shit

Right, so Mario Draghi has succeeded in driving EURUSD to its highest level since September 8. No, really: As documented earlier, Draghi's remarks about the ECB "looking through" transitory weakness in inflation pushed the single currency sharply higher and a few minutes ago, EURUSD climbed above its November 9 peak of 1.1300 to hit the highest since the September 8 high of 1.1327. I'm reasonably sure Draghi didn't mean to do that, but as I said about an hour ago, "this kind of thing is ne
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One thought on “Euro Surges To 9-Month High, BofAML Says “Hawkish Festival” Is Dumb As Shit

  1. He also said a lot about oil. Are oil and inflation, with one explaining the other, or whatever really that comprehensive a view of the landscspe? Or is oil indicating weakness and overleverage on the part of many countries? It seems lower oil provides stimulus to areas that central banks fail to help. So why the one dimensional musings? It is ridiculous, or maybe a defacto reason that less stimulus is needed?

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