Market Analysis: The recent strength of the Euro may have long-term benefits for borrowing costs.

Jin10 data reported on April 14, analysts at ING, Chris Turner, stated in a report that the European Central Bank may not be pleased with the recent appreciation of the euro ahead of Thursday's meeting. However, the European Central Bank can also acknowledge the benefits and safe-haven attributes of the euro as the world's second-largest liquidity currency. "This will provide some long-term benefits to borrowing costs in the eurozone; in the past 10 days, the performance of German 10-year government bonds has already outperformed US Treasury bonds by 50 basis points." ING expects the euro/USD to trade in the range of 1.12-1.15 USD in the near term, as concerns over a slowdown in the US economy offset the prospect of the European Central Bank taking an accommodative policy stance.