The euro touches a lowest since December 2005, before … – Boursorama

The euro touches a lowest since December 2005, before … – Boursorama

(AOF) – If the euro against the dollar is taken in the afternoon, it was down this morning to a lowest since December 2005 to 1.1725 dollar. The single currency was initially weakened by strengthening expectations the forthcoming announcement – probably 22 January at the first meeting of the year of the ECB – a sovereign debt purchase program (QE). The European Court of Justice has indeed lifted a major obstacle to such a program by validating the purchase program of sovereign bonds (UNWTO) announced by the ECB in 2012. However, it has set a condition that the ECB is not directly involved in plans help the countries concerned.

The dollar has lost its luster in the early afternoon due to a larger decline than expected retail sales USA. They fell 0.9% in December, where the Reuters consensus was -0.1%. This indicator is particularly monitored because of the importance of consumer spending, which accounts for over two-thirds of US GDP.

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