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EURO and European currencies generally behave badly at the end of the year, and the JPY on the other hand shows weakness, - says Credit Suisse.
In this case, specify:
"But now timely application Draghi signaled an imminent easing by the ECB (our economists expect to see a delineation of the contours of the sovereign QE at a meeting of the ECB's December 4)."
This makes the preliminary data on inflation in the euro area which go tomorrow is extremely important.
How to be positioned in such a situation?
If Draghi disappoint, shorts for EURO can see the painful squeeze - warns Credit Suisse.
However, the possible growth EUROUSD Investment House intends to use to open new short positions on EUROUSD. McAuley NICHOLAS LUDANOV