European Session – Euro recovers as ECB not seen in a hurry to change QE rules
Posted on July 1, 2016 at 3:00 pm GMTThe euro recovered above 1.11 versus the US dollar in today’s European Session after indications that the ECB would not change its QE rules in order to make its asset purchases more flexible. Such speculation was hurting the euro; mainly that the ECB was preparing to change its QE rules in order to buy more peripheral bonds. This was not substantiated and the euro managed to recover. Risk assets were strong again today, as most European stock markets were up [..]