Nowotny: ECB expects a depreciation of the euro against the dollar

•ECB doesn’t have an interest rate target •Quantitative easing is not being discussed •ECB should first see how current measures work Nowotny made similar comments on sovereign QE before. The currency jawboning along with the France ratings news is a good reason to sell the euro late in the week.

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Nowotny: ECB expects a depreciation of the euro against the dollar

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