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ECB is ready for more weaker EUR
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Loading...Fed clearly hinted at an increase in interest rates in December.
The ECB is ready to do all permissible measures to escape from deflation eurozone. Given that the ECB promises to go exactly in the opposite direction of the Fed, namely to provide "easy money" and more Easing, it can not be surprising that the euro continues to fall against the dollar.
The specific expectations are that the European Central Bank in December will reduce its negative deposit rate by 10 basis points, ie to -0.3%, while increasing the pace of buying bonds and to extend the duration of the QE program (starting with three or six months).
With nothing helped the euro the improvement of business activity in Germany in October, which did not change concerns about slowing German economy. Negative sentiments were supported by today's weak data on industrial orders. One explanation is that China and emerging markets with a certain lag effect on export-oriented leading European economy.
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