International News
The euro was trading close to seven-and-a-half month lows against the dollar on Thursday in early morning trade as investors waited to see whether the European Central Bank would announce fresh monetary easing measures at their monthly monetary policy meeting. EUR/USD was down 0.5% to 1.0556 at 9:30 near Wednesday’s lows of 1.0549, the weakest level since April 14th
EUR/USD then spiked after the ECB cut its deposit rate less than many had anticipated, moving over 2.5% to a 4 week high of 1.0893. The ECB also said it was to announce “further policy measures” at its post policy meeting press conference. Stating that they would also expand its bond-buying purchase scheme beyond the current cut-off point of September 2016 until the end of March 2017, or beyond if necessary [...]
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