Timothy Graf, head of macro strategy at State Street Global Markets, told CNBC via email that improved European data would likely support the euro and risky assets over the rest of the year, but said the central bank was in no hurry to rescind its accommodative policy.
“The tone to European data has clearly been positive this year and should support the single currency and European risky assets
The ECB has confirmed that it will continue its
Though the euro dipped in the immediate wake of the announcement, Graf said that the shared currency would likely hold its strength. However, he added that the inflation levels would need to show further upwards movement before the euro would see a significant uptick.
“Today’s announcements largely met expectations, so recent euro strength will likely hold; however, with