Shared European Currency Continues to Drop after Draghi's Pledge to Increase Stimulus

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Forex Trading

: 12 September 2014

With ongoing economic weakness in the common area, additional sanctions against Russia will definitely not help the case for recovery.

Moreover, ECB President Mario Draghi said that investment in the Eurozone will only return to decent levels if reforms and stimulus are achieved.

So with a bleak picture ahead for the euro, yesterday's performance against the dollar, a gain of 26 points to $1.2923, could be considered pretty impressive.



Forex Trading

: 11 September 2014

Mario Draghi's pledge to further ease ECB monetary policy is continuing to do some damage to the shared currency despite the odd stumble across the Atlantic for the dollar.

We saw a resumption of the declines yesterday, with EURUSD closing 24 points lower at $1.2916, and it would hardly be a surprise to see the currency pair challenging its recent low at $1.2859.



Forex Trading

: 10 September 2014

Bargain hunters finally made their presence felt in the currency market as the recent euro weakness attracted some buying interest.

The EUR/USD pair rebounded 46 points to $1.2939 but with their respective economies on a divergent path, one might wonder how long it will be before the dollar gets bullish again.



Forex Trading

: 09 September 2014

Despite data pointing to record German exports, along with a subsequent improvement in the trade balance, the euro resumed its plunge against the dollar yesterday, losing 62 points to $1.2895.

Uncertainty had already sent forex traders into the US dollar as opinion polls raised the risk that Scotland might choose independence next week.

If that happens then we could see shockwaves all over Europe.



Forex Trading

: 08 September 2014

The weaker than expected US employment report put a stop to the late plunge in the shared currency versus the dollar on Friday.

It remains to be seen whether the weaker figures are only temporary, as the US economy is in much better shape than its European counterpart, but the EUR/USD pair closed rather flat around $1.2950.


By Jonathan Sudaria, 12 September 2014


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