The dollar spiked to new multi year highs yesterday with every major suffering as the likes of the euro, sterling, Aussie and yen all declined. The move was driven primarily by the ECB’s announcement of formal QE that exceeded most people’s expectations, not because it was revealed â‚¬60 billion worth of assets would be purchased a month, but that it is open ended. So rather like the BOE and Federal Reserve have tried to draw lines in the sand with their “forward guidance”, the ECB has now said these purchases will continue until either September 2016 or at least until inflation is back at 2%. Risk assets soared, with indices jumping as QE junkies filled their boots with any equities they could get their hands on and the euro plunged to a new 11 year low breaking below the 1.1400 level. Overnight it has drifted even lower standing at 1.1345 at the time of writing. This morning some attention will be given to sterling as UK retail sales are announced. These are expected to decline with month on month coming in at -0.6%, but it will be interesting to see if the recent oil price falls are feeding through and lending a little support to consumers leading to a higher than expected reading. Later we see CPI and retail sales data from Canada which is worth watching following the Bank of Canada’s rate cut. Then the manufacturing PMI and housing data is released in the US. All this ahead of what could be a landmark week end with the Greeks going to the polls to elect a new government – Monday morning could be interesting. Further reading: EUR/USD falls below 1.13 – the crash continues German manufacturing PMI slides to 51 points – EUR/USD pressured FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next UK retail sales rise 0.4% – GBP/USD bounces Yohay Elam 7 years The dollar spiked to new multi year highs yesterday with every major suffering as the likes of the euro, sterling, Aussie and yen all declined. The move was driven primarily by the ECB's announcement of formal QE that exceeded most people's expectations, not because it was revealed â‚¬60 billion worth of assets would be purchased a month, but that it is open ended. So rather like the BOE and Federal Reserve have tried to draw lines in the sand with their "forward guidance", the ECB has now said these purchases will continue until either September 2016 or at least until… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.