EUR: Two key assumptions in EUR rally will be tested on Friday – Credit Agricole

Credit Agricole on what’s next for the euro
Credit Agricole CIB FX Strategy Research notes that the EUR rallied, Bund yields spiked and EGB curves bear steepened after ECB President Draghi signalled yesterday that the ongoing recovery in the Eurozone may warrant the gradual unwinding of monetary stimulus at some point in the future.