22 Dec 2014
ECB’s Constancio’s expresses deflation concerns – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team share ECB’s Constancio’s comments that falling oil prices may lead to deflation in the coming months.
Key Quotes
“Further comments out of non-Bundesbank ECB officials reflected continued worries over low inflation in the Eurozone. ECB's Constancio said he expects to see a deflation in the coming months in part due to falling oil prices, and ECB's Coene expressed he would support sovereign bond purchases as an effective measure of stimulating economic activity and fighting downward price pressure.”
“Single currency did not budge on the largely in-line rhetoric, trading in a 30pip range just below 1.2250. In other USD majors, USD/JPY was flat on low volume around 119.50, while AUD/USD pared initial losses to trade up to 0.8170.”
Key Quotes
“Further comments out of non-Bundesbank ECB officials reflected continued worries over low inflation in the Eurozone. ECB's Constancio said he expects to see a deflation in the coming months in part due to falling oil prices, and ECB's Coene expressed he would support sovereign bond purchases as an effective measure of stimulating economic activity and fighting downward price pressure.”
“Single currency did not budge on the largely in-line rhetoric, trading in a 30pip range just below 1.2250. In other USD majors, USD/JPY was flat on low volume around 119.50, while AUD/USD pared initial losses to trade up to 0.8170.”