How bad does this look? If it was adjusted for inflation it would look even worse:
QE, negative rates, easing bias vs the Fed in hiking mode, and the euro is going up anyway?
Seems the ECB and euro area exporters might be getting concerned?
How bad does this look? If it was adjusted for inflation it would look even worse:
QE, negative rates, easing bias vs the Fed in hiking mode, and the euro is going up anyway?
Seems the ECB and euro area exporters might be getting concerned?