Euro still Potentially come under pressure due to
Speculation the European Central Bank (EBC) will maintain its quantitative
easing program, while for réserver Federal Reserve (Fed) is getting closer to
the possibility of raising interest rates. The euro weakened against all major
currencies in the world, while for the exchange of bonds and shares rose
precisely Because there is optimism that Greece is Immediately reach an
agreement with the creditors in order to avoid default. Greece to today it is
not a major concern, Because it is the market of participants Returned to see
the ECB's monetary policy is likely to weaken its euro.
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| ECB Press Speculation About Policies Euro |
The euro was down 1.5% in the range of 1.11676 against
the US dollar at 5 pm New York time yesterday fell as far as 1.1% against its own
yen.USD around rose 0.5% for the yen.
ECB to launch a stimulus program worth 1.1 trillion euro
(1.23 trillion USD) in order to increase economic growth and inflation. Fed
itself continues to monitor the development of economic data as an argument to
plan the first rate hike since 2006.
ECB's plans to continue aggressive monetary policy. USD
helped to such a step. With increasing positive sentiment, optimism toward the
United States is also to be increased.
The euro has weakened 4.6% so far this year. Among the 10
developed-nation currencies, the euro was the worst performance after the New
Zealand dollar.
