EUR Finds Support from Cyclical Growth Improvement – ANZ
Brian Martin, Research Analyst at ANZ, suggests that the 0.6% q/q rise
in Eurozone’s Q1 real GDP has raised expectations that ECB stimulus may
finally be raising the pace of growth.
“The ECB would welcome these expectations as it has argued that growth is too slow to lift inflation which is oscillating around zero (April -0.2% y/y).
The reported cyclical upswing in Q1 has lent the euro support and the euro can remain firm on the crosses in the near-term.”