| The end of the U.S. labor market holiday on Monday ushered in important developments in currency and commodities markets worldwide. In the currency market the Euro hit a one-year low of $1.3117. Some have linked the Euro’s drop to policy decisions that will be made by the European Central Bank this coming Thursday. Market participants are not expecting the ECB to make major easing steps Thursday.
The common currency is expected to remain under pressure until the meeting. The meeting comes at a time where Europe has seen a steady decline in headline inflation rates, the collapse of German bond yields, and calls by the president of the ECB to encourage growth friendly fiscal policy...............................................Full Article: Source |