8 Jan 2015
EUR and GBP hit fresh lows against the USD - Investec
FXStreet (Barcelona) - The Investec Team shares that yesterday’s eurozone’s sub 0% inflation print and stronger US ADP jobs let EUR and GBP to register fresh lows against the USD.
Key Quotes
"The Euro hit 9 year lows against the US Dollar during yesterday's London session after annual headline Eurozone inflation dropped below 0% for the first time since 2009. This was mainly driven by the fall in oil prices (Brent Crude fell below $50 a barrel yesterday for the first time since 2009), none-the-less an ECB concerned about deflation now has the reason to pull the trigger on large scale Corporate and Sovereign Bond buying QE.”
“The pound followed suit by also making fresh lows against the Dollar as we traded into the 1.50 handle after stronger than expected US ADP jobs data which saw the dollar make broad gains on its rivals."
Key Quotes
"The Euro hit 9 year lows against the US Dollar during yesterday's London session after annual headline Eurozone inflation dropped below 0% for the first time since 2009. This was mainly driven by the fall in oil prices (Brent Crude fell below $50 a barrel yesterday for the first time since 2009), none-the-less an ECB concerned about deflation now has the reason to pull the trigger on large scale Corporate and Sovereign Bond buying QE.”
“The pound followed suit by also making fresh lows against the Dollar as we traded into the 1.50 handle after stronger than expected US ADP jobs data which saw the dollar make broad gains on its rivals."