
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Friday, the common currency went down having ended its sixth straight month of revenues because market participants got ready for a European Central Bank gathering next week exactly where policymakers are supposed to discuss the overall impact of the currency's strength.
With just 15 out of 79 experts in the latest Reuters survey actually expecting the ECB to reveal a timeline for its withdrawal in bond purchase initiatives, the market expects the euro’s strength will attract some comments from officials.
The ECB won‘t probably decide on trimming its asset purchases that are going to be phased out only slowly because the euro's rapid revenues versus the evergreen buck are worrying a surging number of policymakers. That’s what three sources already familiar with discussions informed Reuters.
The euro tumbled 0.25% being worth $1.1881. It had been growing for six consecutive months through August, hitting a 2-1/2 year maximum above $1.20 this week.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
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