Euro Slammed Lower Following ECB President’s Speech

[kreslik.news]

This article was written by Dwayne Buzzell, a financial analyst with more than two years experience in forex trading and private investing.

Chaos

There has been massive chaos in the financial industry due to the pending interest rate hike decision by the Fed.

In the last FOMCmeeting minutes, Fed members offered almost nothing to investors in terms of information. Investors are overly cautious about the current market sentiment since there remains a 67.3% chance of an interest rate hike in December.

Keeping with this scenario, there has been a sharp fall in the price of the euro, and the EUR/USD pair managed ... (read more)