© 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
5 Creative Social Media Strategies for Alcohol Brands to Try in 2022
News
10/08/20225 Creative Social Media Strategies for Alcohol Brands to Try in 2022

People consumed alcohol at all times, and today the average check size has alcohol drinks. Alcohol brands compete for consumers’ attention and use social media promotion. Find creative ideas to manifest your product online.

Read Full PostRead - Eye Icon
Looking For Your Next Career Step as a Nurse Practitioner?
News
24/05/2023Looking For Your Next Career Step as a Nurse Practitioner?

After the Covid-19 pandemic, it’s become clearer than ever that medical professionals are the backbone of our society, whether we’re in the middle of a national health crisis or not.

Read Full PostRead - Eye Icon
AI December 2016
Innovation
21/12/2016AI December 2016

AI December offers a wide range of outstanding content, the latest news on M&A deals, and celebrates many cutting-edge financial and law firms across the globe.

Read Full PostRead - Eye Icon
How to Run a Successful Online Clothing Store?
News
28/06/2022How to Run a Successful Online Clothing Store?

E-commerce has made it easier for many aspiring entrepreneurs to put their dreams into action. If you can not afford to buy a brick-and-mortar store to start a clothing brand, you can use an online platform.

Read Full PostRead - Eye Icon
Fighting for the Underdog
Leadership
13/08/2019Fighting for the Underdog

Gee Law Firm, based in Lafayette, Louisiana (US) is a plaintiff’s personal injury law firm. Following Founder, William Gee’s success in AI’s Leading Adviser 2019 where he was selected as the Leading Maritime and Trucking Personal Injury Lawyer of the Yea

Read Full PostRead - Eye Icon
6 Investment Strategies for Thriving in Uncertain Markets
News
28/06/20246 Investment Strategies for Thriving in Uncertain Markets

Navigating uncertain markets can feel like sailing through a storm without a compass. You need solid strategies to thrive, not just survive. In this piece, we’ll explore six investment tactics that make sense now and for the future. Whether it’s di

Read Full PostRead - Eye Icon
The ABCs of Cybersecurity: How Small Businesses Can Safeguard Their Online Safety
News
25/01/2022The ABCs of Cybersecurity: How Small Businesses Can Safeguard Their Online Safety

Any business can be a target of hackers. Company size doesn't matter—as long as you have what cybercriminals want—you are their prey.

Read Full PostRead - Eye Icon
Bridging Success in 2015
Strategy
31/01/2015Bridging Success in 2015

There is currently a huge appetite for short- and medium-term property loans across the UK, and Dragonfly Property Finance is leading the way.

Read Full PostRead - Eye Icon
Travers Smith Advises Brookfield’s Acquisition of Center Parcs UK
Legal
06/08/2015Travers Smith Advises Brookfield’s Acquisition of Center Parcs UK

Travers Smith Advises Brookfield's Acquisition of Center Parcs UK



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 14 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