Euro Drops Sharply as Eurozone Inflation Falls Towards 5 Year Lows

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Forex Trading

: 19 September 2014

Sorry, no forex commentary for today.



Forex Trading

: 18 September 2014

Although it was slightly higher than initially predicted, the latest reading of Eurozone inflation was not far off the weakest levels in nearly 5 years. The euro dropped 97 points to $1.2865.

Mario Draghi continues to struggle in his effort of convincing investors that his stimulus will do a good job in kick starting the economy.



Forex Trading

: 17 September 2014

Increased speculation that the Fed could maintain its current pledge of holding rates at record low levels for a "considerable time" is hurting the US dollar.

Or perhaps, judging by the recent trend, the speculation has just stopped the dollar's appreciation against the euro. Yesterday EUR/USD saw a small rebound of 19 points to $1.2959.



Forex Trading

: 15 September 2014

We also finally saw some good news coming out of the euro zone on Friday. Industrial production surpassed the forecast in July, +1% vs estimates for +0.6%.

As if it was too early to get carried away, the euro moved up just 27 points against the dollar to $1.2948. It is only marginally higher at the time of writing implying a cautious approach.


By Jonathan Sudaria, 19 September 2014


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