After three consecutive years of notable gains for the dollar, it is looking more and more likely that 2017 will be a year of dollar depreciation, fuelled in part by the switch of attention on monetary policy away from the Federal Reserve, and onto other key G10 central banks.
In this shifting central bank policy landscape the crucial influence will be the ECB, which is increasingly debating the appropriateness of the current monetary stance. Derek Halpenny discusses how negative interest rates and quantitative easing are no longer a solution for current economic conditions within the Eurozone.
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