ECB Meeting May Dramatically Affect The Euro – Investing.com

ECB Meeting May Dramatically Affect The Euro – Investing.com

Buyers dominated the US markets on Wednesday, which explains the surge in Asian markets on Thursday morning. Previously, we pointed out that the drawdown from the beginning of the week promises to be short-lived. It affected too narrow a spectrum of market assets.   Along with the rise of the markets, the pressure on the returned. However, this was not without the effect of the Bank of Canada. The strengthened by 1.5% against the USD after the BoC to reduce the volume of weekly government bonds' purchases (QE) by a quarter.ECB may give wings or shoot up the euro's growthThis symbolic decision shows that the G7 central banks are turning the page on coronavirus crisis measures. Developing countries have already seen a tightening of monetary policy since the start of the year, facing higher inflationary pressures.   Developed countries have more room to keep their policies soft than the likes of Russia, Ukraine or Turkey, whose currencies fell sharply last year.   The Fed is roughly in the middle of that spectrum, promising not to change policy for the foreseeable future. And, as we can see, these promises are enough for the dollar to give way to