EUR quashed on policy developments - Scotiabank

FXStreet (Guatemala) - Eric Theoret, Currency Strategist at Scotiabank noted that the EUR has made repeated attempts at stabilization through the month of September, only to weaken further on the back of policy developments.

Key Quote

"Monday’s reaction to ECB President Draghi’s testimony highlighted this dynamic as his comments drove EUR to a new 14-month low with a tone focused on balance sheet expansion and the relative policy outlook”.