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EUR On The Road To Nowhere Fast
This week had more to do with 'what he said or she said' rather than fundamental or technical data. Supposed rhetoric has been responsible of pushing currency values around. The EUR fell foul on a number of occasions to Central Bank antics surrounding the possible implementation of negative deposit rates. The 17-member single currency was able to finally pick it self off the floor after Draghi publically stated that the possibility of negative rates had not been discussed since the last Central Bank meeting. For some time the forex market has been looking for inspiration. Many will say that it's finally got it, deep ... (full story)
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