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EUR/USD plummets after strong US jobs data

With investors concerned with holding euros positions after the ECB comments, EUR/USD plummeted throughout the day

By Richard Nehme | Oct. 23, 2015 10:32 BST
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The ECB, as expected, kept its monetary policy unchanged remaining at 0.05% but hinted at plans to enlarge its stimulus program into Sept. 2016. Drahgi stated he was ready to act if needed and is open to using any instruments available to help the single currency with its recovery. There were also discussions regarding cutting deposit rates, not heard at previous meetings. The overall dovish tone caused a broad euro sell off [...]

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