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ForexLive European morning wrap: Euro feels the heat on talk of additional ECB measures

Forex news from the European morning session 25 Nov

News:

Data:

It's been all about the euro today as a combo of firmer equity markets and talk of some extraordinary easing measures being discussed by the ECB combined to send the ccy tumbling again.

EURUSD had been looking ok early doors and was posting 1.0680 from 1.0660 before European equity markets opened higher and then Reuters ran a story from their sources about additional easing tools being considered.

Cue a fairly straight line fall in the ccy across the board pausing to wipe its feet into 1.0620-30 then 1.0600 before then another knock lower to 1.0580 . Euro pairs all took a similar journey south. Large options in play too.

GBPUSD failed to hold gains over 1.5100 and started to move lower but from 1.5075 we've seen decent support helped by the falling EURGBP and we've seen a move back toward 1.5100

More to follow

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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