ECB may keep its dovish policy stance - Citi

Notícias do Mercado

19 julho 2016

ECB may keep its dovish policy stance - Citi

The ECB will announce the rate decision this week. Although we expect the ECB may keep the interest rate and monetary policy unchanged, it may keep its dovish policy stance and may announce to extend QE in September, which may undermine EUR.

EUR/USD may find resistance at 1.1199. The pair may range trade between 1.0782-1.1199, with downside bias.

UK’s CPI is the main event of the day. Although most of the data was compiled before Brexit we will have a clear view about its impacts. Keep an eye on the pound

On Thursday, the RBNZ will assess the current economic situation

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