Source: ForexYard
The euro saw moderate losses against its main currency rivals last night, as uncertainties regarding ECB plans to lower borrowing costs in the euro-zone led to risk aversion among investors. That being said, losses were limited ahead of tomorrow’s ECB press conference and Friday’s US Non-Farm Payrolls. After falling close to $2 a barrel yesterday due to poor US manufacturing data, crude oil extended its bearish trend last night and is currently trading just above the $95.20 level.
Main News for Today
With no major news events scheduled to take place today, traders will want to continue monitoring any announcements out of the euro-zone which could hint at details of the ECB’s plans to lower borrowing costs in Spain and Italy.
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