Intra-Day Market Moving New and Views
15 Sep 2014 09:45GMT
EUR/USD - ...... Euro falls in European trading as short-term specs sold euro broadly vs usd, yen, gbp, chf n aud at European open, tripping initial stops at 1.2940-35, price hit an intra-day low of 1.2916.
The release of OECD statements on Reuters when the think-tank urged much more aggressive stimulus (QE) fm the ECB further weighed on the single currency.
OECD released its growth forecasts, in which it
'cuts U.S. 2014 GDP growth forecast to 2.1% fm 2.6% in May;
cuts euro area GDP growth forecast to 0.8% fm 1.2% in May;
cuts Japan's GDP growth forecast to 0.9% fm 1.2% in May;
cuts Germany's 2014 GDP growth forecast to 1.5% fm 1.9% in May;
cuts France's GDP growth forecast to 0.4% fm 0.9% in May;
cuts Italy's GDP growth forecast to -0.4% fm 0.5% in May;
trims Britain's GDP growth forecast to 3.1% fm 3.2% in May.'
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