Forex Market Update : Epic Research Singapore

The euro fell below $1.30 Thursday, continuing its losses against the U.S. dollar in the wake of the European Central Bank’s surprise decision to cut a key benchmark rate. The ECB also announced a bond purchasing program meant to bolster Europe’s tepid recovery.

The moves led to the euro EURUSD, -0.08%  falling to a low of $1.2970, from $1.3150 Wednesday.

The euro saw more modest losses against the yen and pound Thursday. Against the pound. EURGBP, +0.04% the euro was trading at 0.7912 pound Thursday morning, down from £0.7988 late yesterday. It also fell to 136.32 yen Thursday, from ¥137.90 Wednesday.

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