Quantitative easing (QE) is hardly cutting-edge these days, as it has been deployed elsewhere, but its use could still be a game-changer for the euro in that it could create a bear market for the single currency.
However, will it happen?
Mario Draghi, president of the European Central Bank (ECB), is widely credited in the FX markets for being a deft communicator.
Some of his verbal interventions, such as the “whatever it takes to save the euro” speech in July 2012, rank among the most effective in recent memory.
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