Intraday Market Thoughts

Euro breaks $1.10 as ECB kicks off QE

by Ashraf Laidi
Mar 5, 2015 17:05

The current 22% decline in EURUSD over the last ten months is comparable in magnitude to that of 2011-2012, 2009-2010 and 2008-2009. The recovery of inflation from its -0.6% lows in July 2009 to 1.9% in Nov 2010 took a little over 12 months, but the trough in core inflation at the time was at +1.3%, compared to the current +0.6%. Full charts & analysis.

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Euro breaks $1.10 as ECB kicks off QE - Eurusd Cpi Core Mar 2015 (Chart 1)


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