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Equities and ECB stole the show - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst FXStreet explained that events over the European and US shift.

Key Quotes:

“US equities steal the show on Thursday, being the main market driver despite ECB monthly economic meeting”.

“An early selloff to levels not seen since early August put the greenback under pressure across the board”.

“Indexes managed to erase all of its intraday losses, closing at break even, dollar saw no relief”.

“As for the ECB, the most remarkable release was the Central Bank unveiled details of the ABS purchase program, announcing loans and mortgages worth as much as one trillion euros, including assets of BBB- economies such as Cyprus and Greece”.

Draghi also reiterated they are fully committed to launch additional measures if required, yet intense German opposition pushes chances to an uncertain future”.

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