Long-term trend remains tilted to the upside – SocGen
Share: The rally in EUR/USD came to a shuddering halt after the dovish market interpretation of the ECB rate decision. Still, economists at Société Générale note that the long-term points to the upside. Further profit-taking cannot be ruled out “Tactically, further profit-taking cannot be ruled out.” “The ECB may try to correct the […]
“Key panel urges BOJ to make 2% inflation target long-term goal”
ICYMI, a Reuters report with further detail on the news from yesterday: Under strong political pressure to beat deflation, the BOJ signed a policy accord with the government in 2013 and committed to achieving 2% inflation “at the earliest date possible.” The Reuters report is here: Bank of Japan Governor Kuroda will be leaving the […]