Stimulus hopes fuel optimism. Inflation expectations on the rise
The rather disappointing January US job report reinforced expectations of a substantial stimulus package. The US Treasury Secretary strongly defended it and the Senate voted…
At the same time, the rebound of the USD reflects both this nervousness, but also the possibility that the anticipated tightening of ECB policy will be lighter than expected.
Japanese GDP growth was revised from +0.3% to +0.5% q/q in Q2. The economic calendar is still light today. The euro is trading below USD 1.184.