ECB Halves Bond Buys To 30 Billion Through September 2018 –EUR/USD Crashes – Live Coverage

50% less QE: 30 billion instead of 60 billion from the beginning of 2018 through September, more or less as expected. The door is open for more bond-buying afterward.

EUR/USD falls to a new low of 1.1760, basically erasing the gains seen in the past day. The high was 1.1835

The European Central Bank was expected to announce some form of QE tapering in its all-important meeting. The mainstream expectation was for halving the amount of bond buys from 60 billion to 30 billion euros per month. EUR/USD was trading around 1.1805 ahead of the decision. See our preview: ECB Taper time, but of what type? 3 scenarios.

Follow a live blog of the decision here:

Powered by 24liveblog

Disclaimer: Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.