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The euro fell for the first time in four days on speculation the European Central Bank will increase currency weakening stimulus when it meets this week.
Europe’s 19-member shared currency tumbled the most in a week against the dollar and yen before ECB officials announce their policy decision on March 10.
Nearly three-quarters of the economists in a Bloomberg survey predict the central bank will expand monthly bond purchases, and all but one see the deposit rate being cut further below zero.“You have the ECB policy which is generally going to be cutting rates, expanding QE and that tends to weaken the euro,” said Richard Cochinos, London-based head of Europe Group-of-10 currency strategy at Citigroup Inc. The world’s biggest foreign-exchange trader sees the euro “trading below $1.05 and towards parity by year-end, but the path there is neither straight nor direct and the ECB is important.”
The euro dropped 0.5 percent to $1.0955 as of 9:17 a.m. London time, the biggest decline since Feb. 29. The shared currency weakened 0.6 percent to 124.44 yen. The dollar was little changed at 113.58 yen.
The euro dropped 0.5 percent to $1.0955 as of 9:17 a.m. London time, the biggest decline since Feb. 29. The shared currency weakened 0.6 percent to 124.44 yen. The dollar was little changed at 113.58 yen.
הודעות חשובות
מתחת למיתות
איש זקן ישב בצד הדרך ומכר אבטיחים.
מנחם אתמול, 08:04השלט עם המחיר היה פשוט וברור:
אחד ב-3 דולר, שלושה ב-10 דולר.
בחור צעיר ניגש, דפק על כמה אבטיחים,
בחר אחד ומסר למוכר 3 דולר עבור אחד.
הזקן לקח את הכסף...