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EURUSD fell after ECB hints more easing is to come

Following the ECB meeting, the single currency loses 0.8% against the dollar to 1.1660, the lowest over the month. The European Central Bank kept its monetary policy unchanged but signals for more easing in December. Lagarde noted a “clear” downward shift in risks and that new policy measures would be calibrated after quarterly economic assessments.

EURUSD fell after ECB hints more easing is to come

Earlier today, Italy placed 10-year government bonds at a record low yield of 0.79%, reflecting investor sentiment for long-term depressed interest rates. The policy of “low rates for longer” can push the euro lower in times with near-average market fluctuations. On the other hand, this policy slowly but surely turns the euro into a yen that tends to grow in tough economic times, that makes recovery is more uneven and slow.

The FxPro Analyst Team


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