Euro extended losses as deflation looms

Euro extended losses as deflation looms

09.30.2014



The euro extended losses to trade near two years low, and dropped sharply below the key level of $1.2600 on today European session.
After the release of data about the Euro area CPI, revealed that core inflation has fallen to five years low in the moth of September. Also European CPI recorded a retreat of 0.3%. In fact, Euro area core CPI declined to 0.7% versus 0.9% estimated - below the ECB main target of 2%. The recent data has increased worries about the slow economic growth in Euro area and the continued deflation rates, which may push the EBC president in his meeting due on Thursday to consider new measures in order to support the economy.


To know more about our analysis and currencies reaction, join our Forum Trader for FREE!! http://forum-trader.com/en/
For more info, please visit our website on : http://www.capitol-academy.com/en/news_fx.html

MBCFX Forex & CFDs Brokerage Firm