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OCT 31, 2013 - Investopedia

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EUR/USD downwards on Nowotny Comments, less dovish FOMC than expected

FXstreet.com (Athens) – The EUR/USD is trading under pressure since the kick off of the European trading session, as ECB’s Nowotny made his best efforts to put the single currency under further stress, pointing out through news wires that “"there will be further liquidity provision."EUR/USD under pressure as Nowotny talks on further liquidity provision, while ‘Decemtaper’ is back on the backdropThe EUR/USD was abruptly dragged down of the 1.3700 handle after ECB’s Nowotny stated that since LTRO’S are on their end, “it must be avoided to fall off cliff as LTRO comes to an end,”, as well as ... Read More

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