Quantitative easing fears sends euro lower in forex trading
Yesterday, the euro was largely rangebound in forex trading on the currency market. Today, though, the euro is moving lower. With concerns over the direction the European Central Bank will be forced to take, it is little surprise that the euro is struggling in currency trading.
Right now, the main concern is that the ECB will be forced into quantitative easing. European leaders have been slow to engage in aggressive economic stimulus, and they have also lowered interest slowly and grudgingly. However, speculation is circulating that the ECB will have little choice in the immediate future.
The euro zone economy continues to weaken, and it appears that the staid efforts up to this point have not been as effective as leaders would like. As a result, the euro is being punished in forex trading, and there is a good chance it will continue with its losses until more aggressive economic stimulus measures are adopted.
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