European Session – Euro hits $1.09 before retreating on ECB minutes, loonie hits new 12-year low
Posted on January 14, 2016 at 3:15 pm GMTThe euro rallied above $1.09 versus the dollar but trimmed gains after the ECB minutes were released late in the European session and the pair dipped in to the $1.08 handle. The December 3 ECB Meeting Account showed that some of the Bank’s policy makers wanted more aggressive easing, with a bigger cut to the deposit facility rate rather than the actual 10 basis point cut. Some also wanted bigger asset purchases than what was announced. What led to euro [..]