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Currencies Outlook: US Dollar Strong as Holidays End - Binary News

POSTED BY:
May Alexander

DATE:
09/03/2014

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Currencies Outlook: US Dollar Strong as Holidays End
Holidays are over and September begins with an impending geopolitical risk increase in Euro from the conflict in Ukraine and the threats on the commerce between Europe and Russia.

The economic attention will be focused on Frankfurt next Thursday for the ECB press conference on its Monetary Policy Making meeting. The comments from Mario Draghi at Jackson Hole, last weekend, have increased expectations on ECB's policy decision. According to Draghi's words, the Euro approaches the feared deflation, leading to a slowdown of the economic growth and an increase of unemployment in Europe. The recent announcements on Germany's economy confirm this prediction.

Tomorrow, Mario Draghi meets French President Francois Hollande in Paris. A few days ago, French Prime Minister Manuel Valls called for more action.. Read More

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