30 Jan 2014
Flash: Eurozone in focus - BBH
FXstreet.com (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted Germany's latest...
Key quotes:
"German released a strong employment report".
"Unemployment fell by 28k people, more than five times more than the Bloomberg consensus expected. The unemployment rate stands at 6.8%, unchanged from the revised December figures (was 6.9%)."
" The deflationary pressures in the periphery are seen as largely desirable as an "internal devaluation" and the only way to boost competitiveness under the terms of a monetary union (and ordo-liberalism that is enshrined to varying extents in European institutions)."
Key quotes:
"German released a strong employment report".
"Unemployment fell by 28k people, more than five times more than the Bloomberg consensus expected. The unemployment rate stands at 6.8%, unchanged from the revised December figures (was 6.9%)."
" The deflationary pressures in the periphery are seen as largely desirable as an "internal devaluation" and the only way to boost competitiveness under the terms of a monetary union (and ordo-liberalism that is enshrined to varying extents in European institutions)."