Asian Session – Euro under pressure on expectations of ECB easing
Posted on May 14, 2014 at 6:29 am GMTThe euro remained near one-month lows on speculation that the European Central Bank will expand stimulus next month. Weighing on the euro was also a disappointing German ZEW investor sentiment survey which increased the likelihood that the ECB has reason to take further action at its next policy meeting. Investor confidence in Europe’s largest economy fell for the fifth consecutive month in May according to a report released yesterday. Adding to the view of more ECB easing were reports that [..]