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Pressure on EUR/USD

The euro fell to an intraday low against the dollar Friday on a German news report that the European Central Bank had modeled quantitative easing. The ECB modeled a bond-buying program of 1 trillion euros. The euro EURUSD hit the day low at $1.3672 from $1.3731 the high of the day.

ECB President Mario Draghi said Thursday the central bank had discussed quantitative easing at its latest meeting, suggesting it could use unconventional measures to fight falling inflation in the euro zone.

Meanwhile U.S. added fewer-than-expected jobs in March, prompting some traders to delay expectations of the first rate hike.

EUR_USD_5 Min
EUR_USD_5 Min

 

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