DB: Even ECB Tapering Will Not Stop Euro’s Decline

Deutsche Bank believes that over time the Euro will weaken further against the dollar — in line with much of the rest of Wall Street. However, as Deutsche Bank strategist George Saravelos points out in a research note sent to clients at the end of last week, one of the key arguments against this view is that later this year the European Central Bank will signal that it intends to begin ECB Tapering its quantitative easing bond purchases, which will prevent EUR/USD weakness.

• The Trend In European Value Is Just Getting Started, Says Morgan Stanley

DB: Even ECB Tapering Will Not Stop Euro’s Decline