Euro Bulls See Through Draghi’s ‘Ultra-Dovish’ Rhetoric: Allianz
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
People
Charles Ripley (Allianz SE)
Mario Draghi (European Central Bank)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- EUR/USD will probably strengthen further as investors look past ECB President Mario Draghi’s comments, says Charlie Ripley, investment strategist for Allianz Investment Management, which manages more than $700 billion.
- “Investors are starting to question the continued rhetoric from Draghi about being ultra-dovish” and speculating about when the ECB will announce tapering, Ripley says
- “This scenario is going to put continued upward pressure on EUR/USD”
- Expects EUR/USD to break out of current range with 1.16 as upper bound
- Sees 10-year Treasury yield target of 2.50%-3% by year-end; continued central bank action around the globe will push rates higher
- Markets “underestimating the risk” of unwinding QE globally, Ripley says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
People
Charles Ripley (Allianz SE)
Mario Draghi (European Central Bank)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283