Thursday, May 8, 2014

EES: Euro down off its highs

As suspected, although for reasons that could not have been known, EUR/USD failed to breach the key 1.40 area in its trend, largely due to comments made by ECB Chair Mario D. :
The euro came under pressure across the board after ECB President Mario Draghi said the Governing Council feels comfortable with acting next time. However, as the initial shock dissipates, analysts start to raise skeptical arguments on whether the ECB will deliver. 

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