Forex news for January 21, 2015
ECB decision and statement:
Other news:
Markets:
– US 10-year yields up 5 bps to 2.03%
– S&P 500 up 9 points to 1869
– Gold flat at $1101
It was another rollercoaster as Draghi surprised with a strong hint that the ECB will do more in March. The euro dropped 150 pips in a flash but the spike bottom was the low for the day. Th euro eventually recovered nearly all the decline and recovered to 1.0900 before a late slip to 1.0871.