Fed Doves Signal Hard To Change The Euro'S Future Downtrend

BofA Merrill released a customer report on Friday (March 18th) that the European Central Bank (ECB) policy resolution has been released for the past week, and the overall performance of the market is biased.

The market is always watching.

The ECB will also continue to monitor whether there is more improvement in the financial environment.

The Bloomberg eurozone financial condition index shows that the overall situation has returned to the level of last December after the ECB policy meeting in March 10th.

Although it is not clear whether this improvement can be sustained, at least there has been a good momentum.

But it is worth noting that the euro has risen by nearly 5% compared to the pre ECB conference level, and the euro is not what the ECB wants to see.

The euro / dollar is now close to the European Central Bank's oral intervention last year, the 1.145/1.15 area.

Analysts at Bank of America Merrill Lynch expect that the exchange rate will restart in the next few months, even if the price drops.

(FED) released pigeon signals this week.

Due to the impact of Jesus's Friday's holiday next Friday, many countries in Europe and the United States and parts of Asia will be closed.

Next week's main focus will be inflation and retail data in the UK.

And the de European process may have an impact.

In addition, the European PMI index will also be released.