Oct
18
Credit Suisse Says Euro Set to Drop With Draghi Close to More QE
By-
ECB president projected to take a dovish policy stance
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Common currency halts two-week advance versus greenback
Look for euro weakness next week, according to Credit Suisse Group AG.
That’s because Mario Draghi, the European Central Bank president, is expected to signal further monetary easing by the central bank at its Oct. 22 meeting in Malta, according to Credit Suisse, the top major currency forecaster for the four quarters ended June 30, according to Bloomberg rankings. The shared currency stalled last week after gaining for the previous two amid growing speculation that the U.S. Federal Reserve won’t increase interest rates any time soon…
Credit Suisse Says Euro Set to Drop With Draghi Close to More QE
