Ft Hard Currency

Calling Draghi's bluff

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Synopsis

If ECB president Mario Draghi was hoping his press conference would temper market expectations about tapering, he didn't succeed, as the euro pulled higher. Valentin Marinov of Credit Agricole looks at the key takeaways from the ECB meeting and concludes that tapering is indeed coming, so long as the euro doesn't appreciate too fast  See acast.com/privacy for privacy and opt-out information.