© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Euro Suffers Further Losses against the US Dollar
Posted 5th March 2015

Euro Suffers Further Losses against the US Dollar

Mix of slightly weaker Eurozone numbers and decent US number widens gap between currencies.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Euro Suffers Further Losses against the US Dollar
Image

The euro suffered further losses against the US dollar yesterday hitting a fresh 11 and a half year low following a morning of mixed to slightly weaker than expected Eurozone services data and decent numbers from the US which attracted more buyers of dollars at the expense of the single currency.

Sterling also suffered losses against the greenback but it is the euro that is always going to feel the brunt as today Mario Draghi will reveal the ECB’s plan to execute its €1 trillion quantitative easing program. Whilst debates have been raging about the hows and whens of the QE program, the most significant aspect is that it is due to carry on until late 2016, but is open-ended so it could go on well beyond then if inflation is not back near the 2% target. This element of the QE will be closely watched to see just how flexible the ECB will be when it comes to the amount, timing and duration of the program.

The ECB is also going to have to adjust lower its forecast for inflation in 2015, which currently sits at an unrealistic 0.7% and expectations are for an increase to the current growth forecast of 1%. These forecasts could also influence how EURUSD trades later today as a downward adjustment to inflation and no corresponding uplift in the growth forecast could lead to more downward pressure on the euro.

Either way the euro’s downward trend looks to be intact and weakness for EURUSD continues this morning with the rate trading at 1.1045 at the time of writing. Despite the usual spike in Eurozone bond yields one would expect ahead of the commencement of QE, yields are likely to remain at their historical lows, but with signs on the economic data front that indicate the worst is over for Europe, one can’t help feel this is all coming a little late.

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Unlocking Seamless Communication: Mastering SharePoint Calendar for Large Enterprises
News
18/09/2023Unlocking Seamless Communication: Mastering SharePoint Calendar for Large Enterprises

In today’s hyper-connected corporate world, having robust, adaptable, and user-friendly tools is non-negotiable. SharePoint Calendar is one such indispensable tool, stemming from Microsoft’s SharePoint—a platform that has been redef

Read Full PostRead - Eye Icon
Why Your Chatbots Are Making Debtors More Angry
Finance
27/04/2023Why Your Chatbots Are Making Debtors More Angry

The use of automated communication tools, such as chatbots, to speak to customers has grown since the pandemic. One in four customer service companies are using AI, with 31% planning to introduce these tools in the next 18 months. The global chatbot market is

Read Full PostRead - Eye Icon
Artificial Intelligence: 3 Benefits for the Insurance Industry
News
03/08/2020Artificial Intelligence: 3 Benefits for the Insurance Industry

As the insurance sector competes to win market share, Henry Jinman at EBI.AI discusses three ways companies can benefit from the power of Artificial Intelligence.

Read Full PostRead - Eye Icon
CFO of the Year
Finance
02/02/2016CFO of the Year

Syncsort is one of the largest big-data companies and oldest software companies in the market, drawing on it wealth of experience to provide unique solutions.

Read Full PostRead - Eye Icon
Truck Accident Statistics: Insights and Trends
News
13/11/2023Truck Accident Statistics: Insights and Trends

Tennessee has a significant number of truck accidents yearly due to its position as a major transportation hub. The state’s highways, including I-40, I-24, and I-75, are heavily traveled by commercial trucks, contributing to the frequency of truck accide

Read Full PostRead - Eye Icon
Why Every Entrepreneur Should Invest In A Gold IRA
Finance
19/05/2023Why Every Entrepreneur Should Invest In A Gold IRA

In the face of enduring global challenges, it's become crystal clear that financial literacy is not just a luxury but a necessity. The unpredictability of the current economic landscape has spurred entrepreneurs worldwide to seek out robust financial strategie

Read Full PostRead - Eye Icon
Tips For Businesses to Improve Cybersecurity
Innovation
25/01/2023Tips For Businesses to Improve Cybersecurity

With most modern businesses spending a lot of time online, there has been a significant change in the way that companies need to protect themselves. The number and severity of cyber attacks has exploded over the last two decades. Multinational companies and co

Read Full PostRead - Eye Icon
A Handy Guide to Choosing the Ideal Personal Injury Lawyer
News
26/10/2023A Handy Guide to Choosing the Ideal Personal Injury Lawyer

You may walk around thinking that you may never need a lawyer, as you pride yourself on being the safest person on planet Earth. You may be someone who’s following all the rules and ensuring your actions don’t cause harm to you or those around you. Unfortu

Read Full PostRead - Eye Icon
The Synergy of AI and Human Agents: Enhancing CX Through Collaborative Interactions
Innovation
15/10/2024The Synergy of AI and Human Agents: Enhancing CX Through Collaborative Interactions

Artificial intelligence could revolutionize the customer experience (CX) — but only if humans remain involved.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow