Posts Tagged ‘bonds’

It has recently been announced that the ECB will take an unprecedented step and inject no less than €1.1 trillion euros into the European economy.

This quantitative easing measure intends to purchase €60 billion euros worth of bonds each month until (at least) September 2016.

This action is seen as being no great surprise to many online Forex investors who have stated that a stagnant European economy required an additional economic stimulus.

Obviously, this will have a rather dramatic effect upon the value of the euro in relation to other currencies.
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Dominating Forex trading news is the Euro’s continued decline versus the dollar. The new low of 1.229 has hit many traders and this trend is predicted to continue for some time. The faltering of the Euro is seen to have been partially caused by fresh Greek unemployment figures, this data now showing that the number of jobless youths in Greece has hit a record high.
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