As the next ECB meeting looms this week BNP remains bearish for the euro

In its latest report , courtesy of efxnews.com, BNP Paribas continues with its recent short euro positions and sees the ECB facing further problems at its monthly meeting this week, with their decision and press conference coming on Thursday. As the USD’s uptrend persists, the focus is, as ever, on upcoming US economic releases in light of the FOMC’s data dependent framework for normalising policy.

Is the EU losing faith in the ECB?

EU’s Dijsselbloem says that the ECB’s monetary policy options are approaching limits He adds; ECB measures won;t work without reforms Defends monetary policy measures taken by ECB