SaxoTV
Hardy: QE euro drop, where will it stop?
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The Euro saw steep losses after the ECB fired its 'big bazooka', a EUR 60 billion per month QE programme intended to last until September next year. Those losses have continued against major currencies and John Hardy, Head of FX Strategy at Saxo Bank, sees significant capital flows having a persistent and unprecedented influence on the market.
John talks us through moves in EURUSD, AUD/NZD and looks ahead to the Greek elections and FOMC meetings next week.