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13 Mar 2015
Snapshot at the macro and FX space - BNP
FXStreet (Guatemala) - Analysts at BNP Paribas offered a snapshot commentary of the macro an FXSpace.
Key Quotes:
"The euro’s decline accelerates.A welcome but mild boost for French growth..."
"Following the launch of QE, bond markets rallied, with the exception of Greece. This shows that contagion risks are limited. Divergent monetary policy and a more solid recovery in US than in the EZ will favour the USD against the euro..."
"The US job market is still very buoyant with the strongest job growth in fifteen years. Nonetheless, wages are slowing, a clear reminder that the jobs deficit formed during the crisis has yet to be absorbed…"
Key Quotes:
"The euro’s decline accelerates.A welcome but mild boost for French growth..."
"Following the launch of QE, bond markets rallied, with the exception of Greece. This shows that contagion risks are limited. Divergent monetary policy and a more solid recovery in US than in the EZ will favour the USD against the euro..."
"The US job market is still very buoyant with the strongest job growth in fifteen years. Nonetheless, wages are slowing, a clear reminder that the jobs deficit formed during the crisis has yet to be absorbed…"