Aidan Yao | Source | Senior Emerging Asia Economist at AXA Investment Managers
Aidan Yao
Senior Emerging Asia Economist at AXA Investment Managers
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AXA Investment Managers
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Euro grinds higher as traders look to ECB for direction
The euro edged higher on Thursday as traders braced for a European Central Bank meeting to gauge policymakers' views on the common currency's recent appreciation and its impact on inflation.
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It’s possible that the ECB could try to out-dove the Fed if the euro appreciation goes too far, but whether that will be done via shifting to average inflation targeting or other means is hard to say.
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