Rich Ross of Auerbach Grayson likes the trade on a technical basis. "We love the euro," he says. "We think that today's bold action is just the beginning of an incendiary summer surge," and he would buy the euro at current levels.
But Amelia Bourdeau, director of foreign exchange for Westpac Institutional Bank, cautions that with the market anticipating an interest rate cut, there is the potential for disappointment if the ECB does not do something more.
You can watch the discussion on the video clip.
MULTI CURRENCIES v The Dollar
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