The monthly ECB meeting today, showing European growth practically non-existent, inflation flat and money-supply increasing, threw a bucket of cold water on the Euro. Result: EUR/USD plunges, and I exit my position with egg on face. Will it continue to plunge or level out? Who knows?
Killeens Financial Banner
Thursday, 3 September 2015
EUR/USD: Draghi stops Euro rise
The monthly ECB meeting today, showing European growth practically non-existent, inflation flat and money-supply increasing, threw a bucket of cold water on the Euro. Result: EUR/USD plunges, and I exit my position with egg on face. Will it continue to plunge or level out? Who knows?
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