JohnKicklighter

EURUSD Wasn't the Only Market to React to The ECB

FX:EURUSD   Euro / Dollar AS
5
In a world where risk appetite is the common thread across the global financial system, the chances of a major stimulus program being updated ripples far out beyond the native currency. Draghi's remarks that the ECB will revisit its stimulus effort in December led to the expected tumble in the Euro and rally in European shares. However, the impact spreads well beyond that. Global shares, the Dollar, the Japanese Yen, commodity currencies and the Swiss Franc all felt the impact. Can the ECB replicate the same success the Fed had with global markets with its program? I doubt it.

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