31 Jan 2014
EUR/USD ends the week at the 1.3500 zone
FXstreet.com (Córdoba) - The EUR/USD is on track to close Friday at the 1.3500 area, recording a loss for the day, the week and the month.
The EUR/USD fell to a fresh 2-month low of 1.3478 during the New York session, weighed by broad risk aversion amid EM jitters and a WSJ story suggesting the Bundesbank would favor ending the sterilization of the ECB bond purchases. However, a comeback in stocks has helped the pair to bounce toward the 1.3500 area, putting the pair on course for a 0.4% daily loss. Meanwhile, the euro is printing a 1.2% weekly decline and closing January 1.9% down.
ECB decision next week
Following Fed's decision to cut further its bond-buying program, the ECB will meet next week, with some analysts already expecting a rate cut rates amid deflation fears.
The EUR/USD fell to a fresh 2-month low of 1.3478 during the New York session, weighed by broad risk aversion amid EM jitters and a WSJ story suggesting the Bundesbank would favor ending the sterilization of the ECB bond purchases. However, a comeback in stocks has helped the pair to bounce toward the 1.3500 area, putting the pair on course for a 0.4% daily loss. Meanwhile, the euro is printing a 1.2% weekly decline and closing January 1.9% down.
ECB decision next week
Following Fed's decision to cut further its bond-buying program, the ECB will meet next week, with some analysts already expecting a rate cut rates amid deflation fears.