BNY Mellon's Derrick Sees Euro a Little Higher By Year End

The transcript discusses the euro's potential value by year-end, influenced by reduced political risks and past events like the French election. It highlights the European Central Bank's (ECB) cautious stance due to slow economic numbers and the challenges of raising rates. The conversation also touches on the possibility of a recession in the US and the implications for the ECB. Finally, it explores the potential resumption of quantitative easing (QE) and the challenges central banks face in bond markets.

What factors are mentioned that could influence the euro's value by the end of the year?

How did political events in France and Italy affect the euro's exchange rate?

What concerns are raised regarding the ECB's potential rate hikes?

What implications does the speaker suggest about the ECB's monetary policy over the last two decades?

What challenges do central banks face if they were to resume quantitative easing (QE)?