This was the catalyst for the EURUSD fall through the 100 day mva (1.3739) as Bundesbank gave a green light to sell.
5/13/2014 6:08:08 AM
(DE) Bundesbank said to be 'open' to 'significant' ECB stimulus in June if 2016 inflation forecasts are lowered - financial press
- Bundesbank said to be willing to cut interest rates if needed, including negative deposit rate. Also would support extending unlimited bank loans well into 2016 if needed.
- Bundesbank may support some ECB purchases of ABS, but remains skeptical on merits of broad-based asset purchases.
**Reminder: On May 8th ECB's Draghi stated at the monthly press conference that the Council would be comfortable acting at the June meeting, if needed. Discussion touched on a wide range of instruments
- Source TradeTheNews.com
GVI Forex Blog 10:12:38 GMT - 05/13/2014
The EUR/USD remained steady throughout most of the session but drifted to 1-month lows after a mixed German ZEW Survey. German investor morale plunges to lowest since Jan 2013
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