Last quote by Carl Hammer
I interpret Merkel's comment as saying between the lines that the European Central Bank (ECB) policy is just too accommodative for Germany - and its banks who are paying negative interest rates on excess reserves. Given that the HICP (harmonized index of consumer prices) will hardly be close to its (just below 2 percent) target, should the euro continue higher, the ECB may step up its verbal interventions again. But it will not happen on this side of 1.15 in EUR/USD. We expect EUR/USD to now trade in a higher range of $1.10-1.15 with a long-term fair value of approximately $1.15 per euro.feedback
May 23 2017
This page is completely dedicated to what Carl Hammer has to say. All of Carl Hammer’s quotes are organized here by date and topic. The most recent quote attributed to Carl Hammer came from an article called Euro soars to six-month high as currency is buoyed by strong data and hawkish comments: “Very little at this point speaks for a move much above that range unless something more materially negative happens to the U.S. dollar.”.
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Quotes by Carl Hammer
May 23 2017
Very little at this point speaks for a move much above that range unless something more materially negative happens to the U.S. dollar.feedback
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