ECB is Two Steps Behind the Fed, Digging a Hole Under the Euro

As expected, euro buyers’ optimism faded immediately after the ECB press conference began, returning EURUSD back below 1.0600. Shortly after the initial surge in reports of an actual reversal in ECB policy, investors and traders delved into assessments of how slower the policy reversal in Europe was. The ECB will only stop buying assets on […]

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