ECB is preparing for monetary easing (commentary for Onet)

22 Jul 2013 8:51|

Date: 05.07.2013

Week’s summary: The passed few days were filled with events. This week started with decent data from Europe. However, the political commotion in Portugal, as well as in Egypt has deteriorated the sentiment. Last Wednesday, the Monetary Policy Council decided to end the monetary easing. The next day, the ECB sent a clear signal about potential monetary easing in the eurozone. Today’s data from the American labor market pushed the EUR/USD to the area of 1.2800.

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