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Breakingviews: Euro has further to fall

Friday, September 05, 2014 - 03:12

The euro fell sharply after the ECB eased policy. Traders sometimes fight central banks, but this time they look happy to oblige, says Reuters Breakingviews’ Swaha Pattanaik.

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Because they fall in three years yesterday for the Euro. North tool -- -- 2120 fighting by the end of yet. Breaking news has a piece earlier today title is that you're asked whether -- full course the senate cheeky. It lasted until it's absolutely and -- -- well we would perhaps be a good to -- basis and -- -- the loss -- -- meeting on all right because. I mean and and this is for you to say that book why would you want to bite you. Couldn't tell you wouldn't want to -- authority. On the. And anything that's gonna make this thing balance is probably the extent of shall positioning. Guessing slow so we salute launch that you might get some -- Pretty good pizza place in the banks and one ECB is all new site if you want to sell this currency of the dates -- as weak Q inflation is -- it -- take a long time to get it's. Up to 2% to what they want it does nothing that such a good. -- been selling season as traders often does he says he's -- central. None of this woman are happy to go along as they Clinton in this you know that's right and it was exhausting -- of Kimberly and I'm one of these ethics analysts yesterday and he. He speaks sort of the Asian Central Bank is it for lost fourteen years. I -- they've been so decide today he was saying that the Euro is is is is that next big thing rival US dollar Reeve and but for the privilege and an -- for the privilege. He said for the privilege of holding that you get to pay a negative race at no point 2%. When you get 12 point 4% to treasuries and. Well yes except for the fact that you probably don't wanna put all your eggs in one basket is going to cut of foreign exchange reserves -- not just on the basis of the currency going all potential to move on while you. To hold something sounds a bit rich. It's not it's more a big story domestically the foreign exchange reserves and just how much -- you get. It's peace but not all of them. So well I mean I mentioned that because we've we've we've we've proved to embarrass or excessive in its various. What's really wants it five I mentioned it's -- what do you what do you what -- the PP SP two Saint Louis so how does this again. Has. Depends on the time frame and in looking at the -- to go to Sonoma nice flow -- -- not she retracement to be like that sort of thing coming in some -- Duluth. You can keep getting if we look at the chants of thank. To me. You could get pulled way down that eventually if you wanted to. Where where's that once when he -- when he when he. To an awful about it. And at 620. It's a hand is probably more likely staging -- in the engine which is not too far away around 120 days. But stuff and. And so thank you very much indeed he completes -- hope Kris Albert and use web sites. I'm the US shares at twelve of these instances that he PST as it is every weekday. And well.

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Breakingviews: Euro has further to fall

Friday, September 05, 2014 - 03:12