Euro causing negative interest rates

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EURO Pressure Hits Again.....

The Euro was under pressure against the majors yesterday after the ECB Chief, Mario Draghi, indicated that policymakers deliberated on the prospects of using negative interest rates and resorting to asset purchases in order to stave off deflationary threats. However, the ECB, as expected, held its key interest rate at the record low of 0.25%. With ECB policymakers maintaining their dovish stance, the consistently slowing pace ...

Key Economic Events

Interbank Exchange Rates (09:00)
GBP EUR USD HKD AUD
GBP 1.2108 1.6589 12.869 1.7949
EUR 0.8259 1.3700 10.628 1.4824
USD 0.6029 0.7299 7.7573 1.0821

Currency Support Levels
GBP/USD Support 1.6557 1.6516 1.6465
GBP/EUR Support 1.2042 1.1990 1.1958
EUR/USD Support 1.3675 1.3632 1.3567

Currency Resistance Levels
GBP/USD Resistance 1.6649 1.6700 1.6741
GBP/EUR Resistance 1.2126 1.2158 1.2210
EUR/USD Resistance 1.3783 1.3848 1.3891

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Euro causing negative interest rates

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