Quantitative Easing — News Archive


EUR/USD Plummets on Draghi Speech After ECB Rate Decision

The EUR/USD currency pair today plummeted to new lows following comments made by Mario Draghi regarding weak inflation in the euro area. The currency pair retraced all the gains it had made after the European Central Bank left its monetary policy intact at today’s meeting.

EUR/USD Hits New Lows After the Release of US GDP Report

The EUR/USD currency pair today hit new multi-month lows, which were last witnessed in July, after the release of positive US GDP data in the early North American session. The pair’s massive decline began yesterday after the European Central Bank cut its quantitative easing program by half, while painting a dovish outlook for the Eurozone.

Euro Crashes Against US Dollar as ECB Slashes QE Program by Half

The euro today crashed against the US dollar after the European Central Bank announced that it would cut its quantitative easing program by half to €30 billion in 2018. The ECB also left interest rates at their current levels with Mario Draghi, the ECB President, expressing concern over a number of financial issues facing the Eurozone including low inflation rates.

British Pound Weakens Against US Dollar Despite Hawkish BoE

The British pound today weakened against the US dollar despite the hawkish comments made by the Bank of England Governor in his testimony before lawmakers. The pound declined against the US dollar despite the release of positive UK CPI data for September early in the European session.

EUR/USD Trades Sideways as Markets Await FOMC Rate Decision

The EUR/USD currency pair was today trading sideways as the markets await the Fed interest rate decision scheduled for later today. The currency pair’s slight upward momentum was largely due to previous releases, which highlighted a positive outlook for most EU economies.

US Dollar Loses Ground Against Euro Following ECB Decision

The US dollar fell against the euro on Thursday following the latest monetary policy decision from the European Central Bank, which maintained interest rates unchanged. The greenback further weakened in the wake of lackluster economic data in the United States.

EUR/USD Rallies Higher Briefly on Disappointing NFP Report, Tumbles Later

The EUR/USD currency pair today rallied higher briefly after the release of disappointing US non-farm payroll data during the American session, but quickly retraced all its gains. The currency pair’s rapid tumble was triggered by a Bloomberg report indicating that the European Central Bank was advocating for prudent policies in the face of the strong euro.

EUR/USD Sinks to New Lows Despite Positive Eurozone Data

The EUR/USD currency pair today declined to new lows despite the release of positive Eurozone data such as the German unemployment change data. The release of positive US macro data including the positive core personal consumption expenditure data  also contributed to the pair’s decline.

British Pound Weakens Against US Dollar on Brexit Uncertainties

The British pound today weakened against the US dollar as it reacted to uncertainties related to the UK government’s stance on the Brexit negotiations. The pound was weakened further by a rally in the euro, which was triggered by positive Eurozone PMI data, and market expectations of a QE tapering announcement by the European Central Bank.

Euro Rallies Against US Dollar for Second Consecutive Day

The euro today rallied higher against the US dollar extending the gains made in a rally that was triggered by Mario Draghi‘s hawkish comments at a press conference yesterday. The euro was much stronger against a weak US dollar, which was negatively affected by the political turmoil in Washington as Donald Trump‘s administration failed to repeal Obamacare.