Forex- Euro Slides After ECB Tapers QE Program

Euro slides after ECB tapers quantitative easing

Investing.com – The Euro slumped against the dollar on Thursday after the European Central Bank said it would slow down its asset purchasing program in January.

tumbled 0.42% to 1.1762 as of 7:55 AM ET (12:55 PM GMT) right after the decision was announced.

The ECB will reduce monthly purchases from the current €60 billion ($70.6 billion) to €30 billion ($35.3 billion) and will extend those purchases to “”.

The central bank also left the benchmark interest rate unchanged at 0.0%

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read Again Forex- Euro Slides After ECB Tapers QE Program : http://ift.tt/2hbJnRj

Let's block ads! (Why?)