Saturday, 19 August 2017

The euro falls after ECB meeting

The euro has fallen, along with European indexes since the last ECB meeting. It has been expressed by officials that the euro may be too "hot". US dollar futures fell and the dollar rose.
The index, tracking the performance of the major European companies - the Stoxx Europe 600 Index momentarily changed its direction of decline, but subsequently reverted to a negative territory.
Some market observers think the ECB may postpone its plans to end monetary stimulus and normalize its interest rate policy beyond September.
At this stage, the market predicts that this will happen at the forthcoming meeting in September. It was these expectations, which also triggered the strong growth of the euro against the dollar and other major currencies.


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