WSJ May 18
Euro’s Surge Tramples Parity Predictions
Investors see potential for further short-term gains
WSJ May 19:
Euro Slumps After Official Says ECB Will Front-Load Stimulus
European Central Bank could launch greater-than-expected stimulus in May and June
The euro fell hard against the U.S. dollar Tuesday, while European stocks and bonds surged on the prospect of the European Central Bank ramping up its asset-purchase program in May and June.
By late afternoon, the euro was down 1.6% against the buck on the day at just over $1.11, after the ECB published comments delivered by board member Benoît Coeuré saying the central bank would moderately front-load purchases in its bond-buying program in anticipation of less market liquidity in the summer.
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