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Forex pairs in this Article » EUR/USD (Córdoba) - The EUR/USD is on track to close Friday at the 1.3500 area, recording a loss for the day, the week and the month.

The EUR/USD fell to a fresh 2-month low of 1.3478 during the New York session, weighed by broad risk aversion amid EM jitters and a WSJ story suggesting the Bundesbank would favor ending the sterilization of the ECB bond purchases. However, a comeback in stocks has helped the pair to bounce toward the 1.3500 area, putting the pair on course for a 0.4% daily loss. Meanwhile, the euro is printing a 1.2% weekly decline and closing January 1.9% down.

ECB decision next week

Following Fed's decision to cut further its bond-buying program, the ECB will meet next week, with some analysts already expecting a rate cut or at leat to pave the way amid deflation fears.
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