Forex news – The ECB’s next move and the effect on the euro
Posted on May 27, 2014 at 1:17 pm GMTMuch of the focus in foreign exchange markets is currently on the European Central Bank and what it will do when it meets on Thursday, June 5 in Frankfurt. Prior to this meeting and in the press conference that followed the May 8 ECB council, the bank’s President Mario Draghi stated that the Governing Council was “comfortable with acting next time”. This in turn led to a sharp drop in the euro, which was slated before the meeting to cross [..]