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08.03.201901:08 Forex Analysis & Reviews: ECB pulled down the euro

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The ECB noted a slowdown in the eurozone. The growth forecast for 2019 has been reduced to +1.1%, immediately by 0.6%.

ECB lowers inflation forecast.

The ECB left rates unchanged (base 0%, deposit for banks -0.4%).

The ECB announced that in September it will launch a new program to inject liquidity into the markets and economies of the eurozone.

The euro has dropped significantly, hitting a low of 1.1230.

Exchange Rates 08.03.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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