EUR down on ECB QE announcement

EUR down on ECB QE announcement



23 січня 2015 года
ICU

After the ECB announced its QE program to purchase EUR60bn per month for one year, the EUR dropped by more than 2%, pushing the US dollar index up 1.25% yesterday and 4.22% year-to-date. Although the Russian ruble rose 1.57% on the news, as the EU is Russia's top trading partner, any weakness of its currency (the euro) will have a negative impact on the ruble. The hryvnia's trade weighted value rose 0.14% yesterday and 5.75% YTD.

Источник: ICU

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