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It's too early to comment on the effect on the FX rate from Fed hike says Nowotny

Speaking in Frankfurt

  • Fed's decisions was inline with ECB expectations
  • Sees interest rate differentials for quite some time
  • Core inflation has more direct link to ECB policy
  • ECB policy is not determined by difference to US
  • FX rate is important element in cost competitiveness

He's going to be watching that divergence for quite sometime given the separate paths the ECB and Fed are on

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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