Yesterday, the spotlight was on the euro. The common currency outperformed all its G10 peers following comments from several ECB officials, who reinforced the idea that next week’s ECB meeting will be a “live” one. The comments came just a day after a report suggested that policymakers are likely announce when they intend to end QE at next week’s gathering.
EUR Continues to Climb North on ECB Remarks
The euro outperformed all the other G10 currencies on Wednesday, with the main losers being CHF, AUD and CAD. The currencies against which it gained the least were the Nordics, NOK and SEK.
The common cyrrency continued to climb north on Thursday as hawkish remarks from several ECB officials reinforced the idea that next week’s ECB meeting will be a “live” one. Remember that on Tuesday, a report suggested that next week, policymakers are likely to...
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