Euro beat 2 month low, markets wait for ECB’s next step


The euro hits its 2-month minimum on Wednesday. This time markets waited the ECB’s stance on monetary policy. Expectations were all around interest rates’ decline and global easing tendention. The currency changed its value to dollar from $1,1144 to $1,1147. The figure was lowest since the end of May. The euro also reduced by 0,5% the previous day. The European Central Bank will hold a meeting on 25 July. Previously the market expected the CB to cut interest rates, but now analysts are not sure about that. The ECB is still expected to ease monetary policy in September. 

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