Today, Why EUR Was so Weak?

5/05/2020 09:29:00 PM
During today's European session, EUR has weakened across the board following the German Constitutional Court ruling that the ECB QE programme partially violates constitutions. Hence, for the Bundesbank to continue purchasing government bonds, the ECB will have to prove purchases under its Public Sector Purchase Programme (PSPP) are needed.

Court Giving ECB 3 Months To Fix QE Raises Dangerous Precedent For Eurozone. Three month delay that was not Good for EUR zone.
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