Vladimír Urbánek (Kurzy.cz)
Currencies  |  January 17, 2013 09:23:36

Nowotny (ECB) disagree with Juncker - the development of the euro in the long term there is no problem


ECB and politicians are struggling for about where to move the dollar. E.Nowotny from the ECB yesterday said he does not think he Juncker on Tuesday right when he said that the current value of the euro is too strong. He said that they should not overestimate the short-term effects, and that no long-term, what filled him with unease, there can not see. He said even then that the crisis is not resolved, but the worst is behind us. We agree, and it's one of the things for which we think the EURO was panic and return to 1.20 experience it. EURO comments responded after a slight strengthening above 1.33. I personally still see it as an opportunity to bet on risky escalation of U.S. debt ceiling issues around (ie, against the dollar).

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Nowotny (ECB) nesouhlasí s Junckerem - vývoj eura z dlouhodobého pohledu není žádný problém

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