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2 Jan 2015
EUR starts 2015 with 29-month lows – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team explains that Draghi’s comments to take bolder steps on stimulus this month led the EUR/USD pair to start the new year at fresh 29-month lows near the 1.20 handle.
Key Quotes
“The EUR started the new year at 29-month lows after European Central Bank President Mario Draghi fanned expectations it would take bolder steps on stimulus this month, which underlined the USD’s rate advantage. It is estimated that the Federeal Reserve will increase interest rates this year.”
“Mario Draghi said in an interview that the central bank stood ready to respond to the risk of deflation. The ECB council is going to meet on January 22nd and markets are wagering it will finally decide to start buying sovereign debt, following in the footstep of the U.S., UK and Japan. The EUR tumbled 0.2 percent to 1.2080 USD.”
Key Quotes
“The EUR started the new year at 29-month lows after European Central Bank President Mario Draghi fanned expectations it would take bolder steps on stimulus this month, which underlined the USD’s rate advantage. It is estimated that the Federeal Reserve will increase interest rates this year.”
“Mario Draghi said in an interview that the central bank stood ready to respond to the risk of deflation. The ECB council is going to meet on January 22nd and markets are wagering it will finally decide to start buying sovereign debt, following in the footstep of the U.S., UK and Japan. The EUR tumbled 0.2 percent to 1.2080 USD.”