On Forex News: Euro Takes a Dip - 1 views

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  #1 michalso johnype on 29 Mar 14

   

  The euro dropped remarkably recently after a couple of comments made by a council member. Jeins Weidmann, a governing council member of the European Central Bank, made a statement saying that the bank could use negative interest rates to gather strong gains. The governing member of the European Central bank also added that the ECB has not completely taken out of the options the possibility of buying assets from banks to fend off deflation.
  The euro has also become the talk in Forex News
  , as it has grown weaker against the British Pound and the Japanese Yen. In fact, the Euro has fallen a total of 0.2 percent to trade at $1.3808. There have been talks about a big time investor who could have possibly bought the single currency. It was said that this was part of a reserve management exercise. But not all traders believed this was the cause. Some have credited this to German companies banishing overseas profits.
  It was mentioned by governing council member Erkki Liikanen that the European Central Bank was closely monitoring the Euro. According to Liikanen, the ECB wanted to see how the inflation was being affected by the current exchange rate. But European Commission Vice President for Industry Antonio Tajani stated that the Euro was at $1.40 and that it was already too strong. This forex news has become very popular among traders as the Euro is one of the biggest currencies out in the forex market.

   

  <div class="cArrow"> </div><div class="cContentInner">The euro dropped remarkably recently after a couple of comments made by a council member. Jeins Weidmann, a governing council member of the European Central Bank, made a statement saying that the bank could use negative interest rates to gather strong gains. The governing member of the European Central bank also added that the ECB has not completely taken out of the options the possibility of buying assets from banks to fend off deflation. <br /> The euro has also become the talk in <a rel="nofollow" href="http://www.orderflowtrading.com/ForexNews.aspx">Forex News</a> <br /> , as it has grown weaker against the British Pound and the Japanese Yen. In fact, the Euro has fallen a total of 0.2 percent to trade at $1.3808. There have been talks about a big time investor who could have possibly bought the single currency. It was said that this was part of a reserve management exercise. But not all traders believed this was the cause. Some have credited this to German companies banishing overseas profits. <br /> It was mentioned by governing council member Erkki Liikanen that the European Central Bank was closely monitoring the Euro. According to Liikanen, the ECB wanted to see how the inflation was being affected by the current exchange rate. But European Commission Vice President for Industry Antonio Tajani stated that the Euro was at $1.40 and that it was already too strong. This forex news has become very popular among traders as the Euro is one of the biggest currencies out in the forex market.</div>

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