European Session – Euro supported by strong German ZEW but focus remains on ECB
Posted on January 20, 2015 at 2:44 pm GMTThe euro moved very little against the dollar today as markets are focused on Thursday’s European Central Bank policy meeting and a Greek election on Sunday, both being major risk events for the single currency. The ECB is widely expected to launch more QE (quantitative easing). However, what makes markets nervous is the uncertainty of the amount of QE. More aggressive measures of above 600 billion euros could see the euro move down another leg while a number below 500 [..]