EUR down 500pips in 3 days:eek:
thinking that if the ECB raised rates, it wouldn't be fireworks.. more like a thermonuclear explosion. just trying to fantasize about an unexpected rate hike after all this mess, and how the market would react and what the overshoot limit would be?? 1.4 - 1.5?
the reality is that there is somewhat of a liquidity crisis and it more likely those clowns will find another tool for easing
Listening to bloomberg today and they had a couple of guests on talking about a definite drop to 1.25 and possibly 1.20. Who knows what happen thereafter.