Currency Note Euro

Despite protests the euro holds steady

By Ricky Bean April 16th, 2015

It was a surprising day for the euro as it initially pared losses against the other major currencies after European Central Bank President Mario Draghi said it expects to fully implement all of its quantitative easing program. During the conference Mario Draghi was then attacked by a protester shouting ‘end the ECB dictatorship’, a telling sign for how many countries feel about the central bank. The ECB also maintained its benchmark interest rate at 0.05% beforehand, in line with market expectations. Since Draghi finished speaking, the euro did works its way back to its previous position before the conference.
Yesterday was the main day for the single currency and now the only other major piece of data will be Consumer Price Index and balance of payments on Friday morning.