Forex News – Weekly Review – Euro underperforms on expectations of ECB easing in June
Posted on May 16, 2014 at 1:10 pm GMTThe euro was one of the worst performing major currencies against the US dollar this week after weakening on remarks made by European Central Bank Chairman Mario Draghi that suggested that the central bank would possibly take some sort of monetary action as early as next month as a measure against deflationary pressure. The euro fell to as low as 1.3647 after reaching as high as 1.3992, a more-than 2-year high. Adding to the bad news was that the euro [..]