Today's game is speculation on tomorrow's ECB decisions. Of course, it is not expected that anything will happen with interest rates, but there are many other possible events. Main hypothesized FT, and it consisted in the fact that the ECB is considering expanding its program for the purchase of debt obligations, according to which, after starting in the middle of the year was purchased only a small fraction of peripheral eurozone debt in recent weeks. The idea is that they still want to sterilize these purchases by selling bills, so it's not at all quantitative easing in its literal sense, but more like an attempt to support the intense securities markets. Against this background, the first trading day of the month, the euro is rising against the weakening dollar, and the couple returned to the level at 1.30, even though, technically, the downtrend remains in a broader perspective. German retail sales also give a mild boost currency, sales rose by 2.3% compared to the previous month.
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