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Tuesday, May 19, 2015

The WSJ on the Future For the Euro

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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