The shockwave set off by central bank announcements last week continues, resulting in major fluctuations, particularly for the euro and Canadian dollar. For the former, tension remains palpable, as many officials doubt that new ECB measures will be enough to overcome the continent's problems. In the meantime, investors remain on the alert for the Fed's rate announcement on Wednesday at 2 p.m., when we will find out whether Chair Janet Yellen and her colleagues deem the current situation of sufficient concern to postpone a potential rate hike.Meanwhile, all indications appear to be that crude prices will remain under pressure. New Saudi monarch King Salman was quick to confirm that he has no plans to modify current production levels and that the country's policies would continue as before. In Greece yesterday, national elections brought the Syriza party to power with 36.5% of the vote and 149 seats in parliament out of a total of 300. The euro, which has rallied since, fell below the 1.1100 level against the U.S. dollar.
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More Turbulence On The Menu For Euro And Canadian Dollar
Published 01/26/2015, 09:02 AM
Updated 05/14/2017, 06:45 AM
More Turbulence On The Menu For Euro And Canadian Dollar
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