Of Course The Euro Has Completely Erased Its Post-Weber Slide

The euro is now back to where it was before the news came out that Bundesbank chief Axel Weber would not be standing for head of the ECB.

The snap down was understandable. Weber is a hawk, after all, and so this means a less hawkish ECB than what might have been expected.

But he was also anti-bailouts and debt monetization, which is what’s keeping the periphery intact, and ironically that’s euro bullish.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

euro moneygame-us