Euro Sees Biggest Monthly Loss Since March Amid ECB Outlook
- Central bank to boost stimulus Dec. 3, economist survey shows
- Currency may extend slide toward $1.04, SocGen's Tan says
Charting a Week that Could Move in a Big Way
This article is for subscribers only.
The euro posted its biggest monthly decline since March as economists unanimously forecast the European Central Bank will unveil additional monetary stimulus this week.
The 19-nation currency slid to the weakest level since April versus the dollar as investors fully priced in a 10-basis-point cut to the ECB’s deposit rate on Dec. 3. Almost 80 percent of respondents to a Bloomberg survey said the central bank, led by President Mario Draghi, will prolong its asset-purchase program beyond the initial end date of September 2016. Other policy options include increasing the monthly amount of purchases and expanding the range of assets that are targeted.