EUR (Morgan Stanley) : The Euro is going-does he continue his progress on the Forex with the next meeting of the ECB ?




Morgan Stanley estimates that EUR should continue to rise on the Forex with the ECB.

«In the euro area, higher inflation rate allows the ECB to tighten its policy more quickly, and therefore push the EUR higher.

The ECB meets next Thursday and is expected to reduce its stimulus. The first reduction in QE from 80 to 60mds in April has helped the rally of the EUR to accelerate.

The announcement of reduction of the next week comes at a time when the economic indicators are solid is inflation expectations rising.

The ECB could make it difficult to slow the rally in EUR even with a communication dovish. «



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