Euro tumbles as ECB accelerates asset purchases

ecb-frankfurt-new

The euro dropped below 1.12 against the US dollar today (May 19) as the market reacted to the European Central Bank's (ECB) plan to "moderately front-load" its asset purchase programme this month and next.

The central bank began its quantitative easing (QE) programme in March, and aims to buy €60 billion worth of public and private assets each month until September 2016, although it is willing to be flexible over the exact timing of these purchases.

In a speech yesterday, Benoît Cœuré, a member

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: