Relative monetary policies, Eurozone getting tighter than US

Week ending Friday May 5 2017 US markets were mostly quiet except for a late week further drop in the USD and modest pickup in equities. The driver appears to us to have been more from outside the US than inside, particularly from the Eurozone. Relief rally will add pressure on ECB to tighten, foolishly The EUR continued its relief rally post the 1st round of the French Presidential elections. The result seems to have emboldened both important German politicians and various ECB Board Members to talk about the end of QE in Europe and potential rate rises. It seems…

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