EURUSD Lost 250 Pips After ECB’s Surprised Dovish Statement

Friday, 15/06/2018 | 06:27 GMT

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EURUSD lost 250 pips, down 1.3% from the intraday highs of 1.1850 to the lows of 1.1600 (21:00 GMT+3), making the biggest daily collapse during 2018, after the European Central Bank announced not to raise Eurozone interest rates before the summer 2019.

Investors pushed the EURUSD to the intra day highs of 1.1850 on the anticipation that ECB would end the QE this year and make the first EURO interest rate hike at Q2 2019.

Instead of a hawkish statement, ECB and Draghi came out with a relatively dovish statement, surprising the market and collapsing the Euro pairs to the lows of 1.1600.

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Source: https://www.exclusivecapital.com/eurusd-lost-250-pips-after-ecbs-surprised-dovish-statement-2/

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