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EUR/USD pops as ECB prepares for the life without the Bundesbank

By: Invezz
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EUR/USD is currently up 0.7% on the day on the broadened USD weakness. Reuters is reporting that the ECB is working on the contingency measures to continue the QE if the German top court forces the German central bank to quit.  Fundamental analysis: ECB preparing for the unthinkable – life without the Bundesbank A possible ruling of the German constitutional court that would prohibit the Bundesbank from participating in European quantitative easing has forced the European Central Bank (ECB) to draft contingency measures. In case the Bundesbank is now allowed to continue participating in the QE, its share is likely

The post EUR/USD pops as ECB prepares for the life without the Bundesbank appeared first on Invezz.

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