BNPP: Europe looks to liquidity and austerity
"[These] are the major driving forces in currency markets, and we expect this to continue to be the case over the course of the coming year," said Ian Stannard, senior foreign exchange strategist at the French bank in London.
BNPP has maintained a bearish eurodollar stance over the past year, having anticipated the US to lead the recovery among developed economies through policy measures including the maintenance of low interest rates. "We were also becoming increasingly concerned about the
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