Euro under heavy pressure on ECB headlines

Eren Sengezer FXStreet

One ECB source said the bank has been overinterpreted by markets at its March 9 meeting, according to Reuters. The source also noted that they wanted to communicate reduced tail risk but the market took it as a step to the exit and added that they are worried about potential yield surge. At the moment, the Euro index is down 0.6% at 87.40.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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