Saxo Group Videos

Hardy on the euro, the ECB and EURUSD parity

Will the there be a pivot and bounce in EURUSD or an acceleration lower this Thursday after a key meeting of the European Central Bank? Saxo Bank's Head of FX Strategy, John Hardy, isn't convinced the ECB will announce much that will be euro-supportive. However, he cautions against an imminent rush to parity.

John discusses what's going on in the market and what positioning is telling us about future direction. He says he's not convinced we'll see EURUSD parity just yet unless there's some major systemic risk that emerges in the eurozone.

02:27 minutes
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