EUR points to fresh year lows - Investec

By FXstreet.com | Updated August 26, 2014 AAA

FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, reviews the current decline in the single currency.



Key Quotes



"The Euro fell to nearly one year lows against the US Dollar yesterday, breaking below 1.3200 after a very dovish Jackson Hole speech from ECB president Mario Draghi had the market pricing in more aggressive ECB easing, whilst the usually dovish Fed Chair, Janet Yellen, moved to a more neutral stance".



"Mr. Draghi called for a departure from the austerity-focused mindset that has dominated Euro zone policy since the Financial crisis, as officials struggle with stagnating growth and the threat of deflation. The risks of doing too much are now outweighed by the risks of doing too little."



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