Euro Reaches the Lowest Level in 12 Years! Find out what’s going to happen this week!

Last week the Euro reached its lowest level in 12 years. A direct reflection of the monetary policy adopted by the European Union.

The EUR / USD price reached 1.0462, the lowest since January 9, 2003. The Euro had already shown signs of weakness at the beginning of the year when the European Central Bank – ECB announced a trillion quantitative easing program Euros in January. Last week the Euro fell sharply again after the ECB started buying assets, pushing European Union bond yields to new record lows.

In England, the pound also accompanies the Euro and reached its lowest level in 5 years last Friday when the British Central Bank signaled that interest rates could remain in ‘stand by’ until the beginning of 2016. The GBP / USD hit 1.4700, the lowest since June 22, 2010.

In Japan, the USD / JPY price reached 121.38 on Friday, the highest in 8 years. The Bank of Japan has announced measures concerned about falling oil prices that could reduce inflation prospects.

For the week of March 16-20, investors will be focusing their attention on the North American Federal Reserve, which will be announcing its interest policy. In addition to this there will also be meetings of the central bank of Japan and Switzerland.

03/16 – USA will release reports on industrial production and manufacturing activity in the New York area, as well as data from the private sector on the real estate market.

03/17 – The European Union will release research on the German economy and consumer inflation.

03/18 – Japan will publish data on the trade balance. England will publish its latest report on employment / unemployment. In the USA, we will announce the factors that affect the monetary policy decision.

03/19 – Switzerland will publish data on the trade balance. The US will release reports on the unemployed, checking accounts, and manufacturing activity in the Philadelphia region.

03/20 – Japan will release report on its last meeting on monetary policy. Canada will disclose consumer inflation rates and retail sales.