The Traderszone Network

Published in TZ Latest News 19 January, 2015 by The TZ Newswire Staff

Euro Climbs on ECB Skepticism as SNB Fallout Dents Dollar, Franc

The euro advanced the most in more than a month against the dollar amid speculation any additional stimulus measures announced by the European Central Bank at its policy meeting will fall short of analyst forecasts. The greenback also declined amid speculation traders, hurt by the Swiss National Bank’s decision to remove its trading limit against the shared currency, are paring the market risk they are prepared to take. The Danish central bank said it wouldn’t follow Switzerland abandoning its currency peg after it cut interest rates today. ECB policy makers will meet on Jan.

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