Previous Story
Euro/Dollar: Euro Readying to Fall
On Monday the euro/dollar was trading in a sideways. After a growth to 1.0789, the euro fell to 1.0726. This was caused by talk of the need for interest rates on deposits to be dropped below -0.20%. I’m not so sure what caught market participants by surprise; Mario Draghi spoke of reducing rates at the last press conference.
Source:: Euro/Dollar: Euro Readying to Fall