After the broad declines in early January of the euro against all currencies, which had its rationale in the expectation of lower rates by the ECB, the devaluation finally brake. And the reason was also the ECB: a half percentage point cut the benchmark interest rates for the euro area.

It is a constant that the market perceives as a measure of this type, the value of the currency in question decreases. But once the change, everything returns to level off and start playing other factors. On Friday we see an appreciation of the euro product of bad data entering the U.S.: the almost annual deflation (saved only by a tenth).

style="text-align: justify;">Here's the weekly summary of the currency market:

Tags: currency market, the euro.