It’s central banks’ easing time!
On the back of severe disinflationary pressures due to oil prices, the central banks are getting more active. The ECB has unveiled a massive QE programme, sending the Euro lower. The Bank of Canada has also increased its monetary stimulus by lowering its interest rates in order to cushion the negative effect on the Canadian growth outlook. This trend is unlikely over as the monetary policy meetings of the Reserve Bank of Bank of Australia and Riksbank are getting nearer.
Read the full report: FX Research