No happy new year for EUR/USD: falls to new lows EUR/USD is trading at a new low closer to New Year’s Day: 1.2153 is the new level as the pair continues to slip. The latest event is Greece going to the polls, but it’s also part of the ongoing trend, which is certainly a friend of the dollar, but no friend for the euro. Some background EUR/USD has been falling quite constantly since it almost touched 1.40 in early May. Draghi then said that action from the ECB was coming in June. Indeed, the ECB then cut the interest rates, including a historic negative deposit rate and announced additional easing steps. A similar move followed in September, with rates reaching 0.05% for the main lending rate and -0.20% for the negative deposit rate. Despite rates reaching their lower bound and a weaker euro, inflation remained low. read more : forex-tsd/general-discussion/92300-eur-usd-news-205.html#post720755
Posted on: Mon, 29 Dec 2014 18:38:02 +0000
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