The euro (EUR=) has already weakened 9 percent against the dollar since the start of this year with most of the fall coming after the ECB announced measures in September aimed at boosting inflation and growth, including purchases of secured debt. The weaker euro and of other stimulus measures have so far failed to bump up inflation, which at 0.4 percent in October is less than a quarter of the ECB's near 2 percent target. The Fed ended its long-running bond-buying program last week. Wednesday's poll saw the euro steadily weakening against the dollar over the next 12 months but respondents said it may not easily fall much further, especially if there is any moderation in the dollar's rise, unless the ECB eases policy significantly.
via Business News http://ift.tt/1x3RqCH
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