Germany's BdB private banking group's General Manager Michael Kemmer comments:
- Says the EUR/USD rate is more to do with US dollar strength than euro weakness
- Reflects investor expectations regarding US ecnomic growth and the direction of interest rates
- Adds that the risks assicated with European Central Bank QE outweigh benefits
- Euro-are low inflation is reflection of energy prices, not a slip into deflation
Kemmer's comments in an interview with Passauer Neue Presse, a German newspaper
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EUR/USD reflecting the movements of a crab in Asia today ....
This we're gonna have to wait for the NFP for more action ... or maybe Mike Paterson can sort the market oit once his bum hits the seat a bit later
ps....
NFP previews:
- Goldman Sachs nonfarm payroll (NFP) preview (and another 3 previews too!)
- 5 things to watch in the nonfarm payroll report on Friday
- Non-farm payrolls preview: By the numbers
- Video: Adam Button and Greg Michalowski preview the US employment report
