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19 May 2015
Euro QE: Single currency falls on reports of ‘front loading’ asset purchases – Investec
FXStreet (Barcelona) - The Euro/dollar pair took a sharp dip on reports that ECB would be 'front loading' QE purchases’, Jonathan Pryor, Head of FX dealing at Investec.
Key Quotes
“The euro has fallen sharply this morning after ECB board member Benoit Coeuré announced that the ECB would be ‘front loading’ asset purchases in May and June given likely low market liquidity in July and August. The single currency is currently trading at $1.1200, down a cent from its levels earlier this morning. European government bond yields are falling sharply – 10y Bund yields now stand at 0.56%, 8bps down on the day.”
Key Quotes
“The euro has fallen sharply this morning after ECB board member Benoit Coeuré announced that the ECB would be ‘front loading’ asset purchases in May and June given likely low market liquidity in July and August. The single currency is currently trading at $1.1200, down a cent from its levels earlier this morning. European government bond yields are falling sharply – 10y Bund yields now stand at 0.56%, 8bps down on the day.”