JPMorgan's Normand Sees Euro at $1.24 by End of Year

The transcript discusses differing market predictions from Deutsche Bank and RBC Capital Markets, with JP Morgan's year-end target at 124. It highlights the potential for interest rates to rise in Europe, driven by early monetary policy adjustments, and the euro's performance despite the Fed's tightening. The conversation also explores the impact of a stronger euro on European exports and the ECB's policy decisions, suggesting that a 5-10% increase in the euro's trade-weighted value could affect exporters but not the entire region due to domestic growth sources.

What is the speaker's opinion on the ECB's actions regarding rate policy?

What does the speaker suggest about the timing of rate changes after QE ends?