The European Central Bank (ECB) acquired short-term French and Spanish notes. The IMF has projected a growth of 1.3% next year, down from the 1.5% predicted in July by Mario Draghi. The bond purchasing is expected to improve the deflation risk Eurozone has been facing so far.
With the additional money supply pumped into the economy, the Euro should depreciate against major currencies. EUR/USD is looking good to short for those who have not entered.
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