After its policy meeting yesterday, the ECB maintaining lax monetary policy yesterday match expectations. The euro was trading at 1.1026 price per U.s. dollar on Friday (22/07/2016) this afternoon, a little higher than low level this week at 1.0980 numbers, but little changed from level-the level in New York trading session yesterday evening. In General, this week's motion of the EUR/USD is flat.
Draghi: The Influence Of Brexit Have Not Looked
Although the risk of economic tilts in the direction of the market downturn, the Euro zone is still in a good climate, viewed from cukupnya volatility that was formed recently and financial conditions are still very supportive, Draghi said in his press conference in Franfurk Thursday (21/07/2016) afternoon.
According to Peter Frank, a currency expert at head of G-10 in Banco Bilbao Vizcaya Argentaria, London, for the Euro itself, the current state is a neutral event. Indeed there was little selling pressure which occurs when meeting the ECB yesterday, but considering the selling pressure is minimal, then EUR/USD will experience a reversal, he said quoted by the Irish Examiner.
Earlier, raised speculation that the ECB will again loosen the stimulus in connection with economic conditions post discharge of United Kingdom membership of the European Union. However, at the fact that such speculation has not been proven. According to Tan, Alivin Forex Strategist from Societe Generale, London, "basically there are no important announcements (ECB policy) at all,"
"The market had thought that they (ECB) will probably increase the amount of erosion of assets, for example, to loosen the restrictions that have been determined," said Tan.
In addition, the analyst Marco Valli of UniCredit Italy also has predicted that ECB policy this July will not bring change means because of the impact of Brexit votes is unclear, and it takes a few weeks to evaluate such matters, in accordance with the statement of Draghi yesterday.
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