European Session – Dollar rises after strong US retail sales
Posted on April 14, 2014 at 1:42 pm GMTThe euro extended losses against the dollar as the European session came around, following through from the Asian session decline when markets reacted negatively to ECB President Mario Draghi’s dovish comments over the weekend. Draghi as well as other ECB policy members talked down the euro by implying that a stronger euro exchange rate would trigger the ECB to take action, probably in the form of QE (quantitative easing). Also weighing on the euro was news of renewed tension between [..]