Euro falls ahead of ECB decision

Economies.com
2019-09-11 18:21PM UTC

Euro fell against US dollar today as the markets are closely anticipating the European Central Bank's decision as well as its President, Mario Draghi's speech afterwards.

 

The ECB will hold its monthly meeting tomorrow, which will include its decision on interest rates, with forecasts of a cut to the negative levels to stimulate economic growth in the european economy.

 

The bank's President, Mario Draghi, will hold at a press conference after the decision, as he is expected to announce a new quantitative easing program.

 

While the US Federal Reserve will hold its meeting and announce its interest rate decision next week with forecasts for another rate cut this year.

 

President Trump renewed today his requests of the US Federal Reserve to cut interest rates to zero or below to support markets and the economy.

 

By 18:20 GMT, EUR/USD fell by 0.35% to $1.1009, with a high of $1.1057 and a low of $1.0986.

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