Euro touches a nine-year low against US dollar

Author (Corporate)
Series Title
Series Details 05.01.15
Publication Date 05/01/2015
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The BBC and other news sources reported that the euro slid to a nine-year low against the dollar in early January 2015 as investors predicted the European Central Bank (ECB) might soon act to stimulate the economy by introducing a government bond-buying programme ('quantitative easing').

ECB president Mario Draghi stated in January 2015 that 'concrete measures' were being prepared to establish a QE programme soon. However, German reservations in particular, continued to cause worries in the markets.

Source Link Link to Main Source http://www.bbc.co.uk/news/business-30678218
Related Links
ESO: Background information: 'No time for complacency', Draghi tells economic and monetary affairs MEPs http://www.europeansources.info/record/press-release-no-time-for-complacency-draghi-tells-economic-and-monetary-affairs-meps/
EUObserver, 05.01.15: Euro at its weakest since 2006 after Draghi drops QE hint http://euobserver.com/news/127086
Deutsche Welle, 05.01.15: Euro plummets to nine-year low http://dw.de/p/1EEy4
EurActiv, 07.01.15: Falling euro cause for celebration and concern http://www.euractiv.com/sections/euro-finance/falling-euro-cause-celebration-and-concern-311086
Il Sole 24 Ore, 09.01.15: Compromises weaken Draghi's ammunition (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE156336-Compromises-weaken-Draghi-s-ammunition
ESO: Background information: Flash Estimate, December 2014 - Euro area annual inflation down to -0.2% http://www.europeansources.info/record/flash-estimate-december-2014-euro-area-annual-inflation-down-to-0-2/
Euro|Topics: Search: Quantitative easing http://www.eurotopics.net/en/home/presseschau/archiv/results/?search=1&where=all&smallsearch=1&searchwords=quantitative+easing
ESO: Background information: Conflicts in Substance and Style in European Monetary Policy http://www.europeansources.info/record/conflicts-in-substance-and-style-in-european-monetary-policy/
ESO: Background information: The eurozone’s German problem http://www.europeansources.info/record/the-eurozones-german-problem/
EUObserver, 12.01.15: ECB divided on government bond-buying plan https://euobserver.com/news/127171
Deutsche Welle, 12.01.15: Is the ECB allowed to buy sovereign bonds? http://dw.de/p/1EJ7J
ESO: Background information: Euro touches a nine-year low against US dollar http://www.europeansources.info/record/euro-touches-a-nine-year-low-against-us-dollar/
ESO: Background information: Advocate General’s Opinion in Case C-62/14 Peter Gauweiler and Others v Deutscher Bundestag, January 2015 http://www.europeansources.info/record/advocate-generals-opinion-in-case-c-62-14-peter-gauweiler-and-others-v-deutscher-bundestag/

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