Steven Englander
Steven Englander
dollar harder
ECB hawkish-ness will make it harder to keep the dollar where it is.
change policy unlikely
It's very unlikely that ECB policy is going to change with any of the likely successors.
bit june leaning markets move
Markets had already pretty much priced in (hikes in) June and September. He's sounding hawkish, but the market was already leaning that way anyway. So we're getting a bit of a move here, but nothing major.
bit
He sounded a little bit hawkish so the market's been bidding up euros.