EUR/USD remains bid well above 1.21 even though the European Central Bank boosted its asset purchase program last week. According to Robin Brooks, Chief Economist at the Institute of International Finance (IIF), the central bank’s current quantitative easing programs (asset purchases) are too small. “ECB’s buying of government bonds used to exceed the new supply of debt, where the idea was to drive investors out of gov’t bonds into risk assets, jump-starting growth & inflation. This portfolio shift isn’t happening now,” Brooks tweeted. Under Mario Draghi’s leadership, the ECB’s purchases forced a portfolio shift, with foreigners and banks selling to the central bank, which isn’t happening now. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBA Minutes: Sees lowering unemployment as national priority FX Street 2 years EUR/USD remains bid well above 1.21 even though the European Central Bank boosted its asset purchase program last week. According to Robin Brooks, Chief Economist at the Institute of International Finance (IIF), the central bank's current quantitative easing programs (asset purchases) are too small. "ECB's buying of government bonds used to exceed the new supply of debt, where the idea was to drive investors out of gov't bonds into risk assets, jump-starting growth & inflation. This portfolio shift isn't happening now," Brooks tweeted. Under Mario Draghi's leadership, the ECB's purchases forced a portfolio shift, with foreigners and banks selling to the central bank, which isn't… Regulated 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.
