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Euro’s central bank expected to take action

Negative inflationary data posted to add weight to the ECB performing some action, moving forward to kick start the euro economy

By Undercurrent News | June 4, 2014 10:15 BST
Euro continues to benefit from weaker USD
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International News

EURUSD managed to retrace its earlier morning loses from poor EU inflationary data being released at 10am. The data posted a 0.5% reading against a forecast 0.7% the pair moved to lows of 1.3586 on the release of the data however the pair retraced back above the 1.36 level to highs of 1.3648 upon US open [...]

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