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22 Jan 2015
EUR/USD approaches 1.1400
FXStreet (Córdoba) - As the dust settles around the ECB announcement, EUR/USD coninues to fall, extending losses to fresh 11-year lows just a few pips above the 1.1400 level.
The euro weakened across the board after the European Central Bank announced an expanded asset purchase programme worth EUR 60 billion per month, which will include sovereign bonds. Even though the initial reaction was modest, pressure over the shared currency increased after investors had time to digest the news.
EUR/USD fell further over the last hours and it hit its lowest level since November 2003 at 1.1403. The pair has managed to recover slightly and it is currently trading at 1.1415, 1.67% below its opening price.
The euro weakened across the board after the European Central Bank announced an expanded asset purchase programme worth EUR 60 billion per month, which will include sovereign bonds. Even though the initial reaction was modest, pressure over the shared currency increased after investors had time to digest the news.
EUR/USD fell further over the last hours and it hit its lowest level since November 2003 at 1.1403. The pair has managed to recover slightly and it is currently trading at 1.1415, 1.67% below its opening price.