euro-bank-notes - EUR
  • EUR/USD eases after early spike over 1.2200.
  • ECB’s C.Lagarde said the ECB is following the exchange rate.
  • EMU’s Industrial Production Nov. MoM expanded 2.5%

The Euro failed to hold earlier gains, EUR/USD slips back to 1.2170.the daily low.

EUR/USD weaker on ECB, USD-recovery

EUR/USD failed to move over 1.22 and recedes back to 1.2170.USD-bulls retake control on Wednesday while dovish ECB-talk fuels the downside. The ECB President Christine Lagarde said that the central bank is closely monitoring the exchange rates’ performance.

Eurozone Industrial Production expanded at a2.5% in November month on month and contracted 1.4% from a month earlier in Italy.

December’s inflation figures from the US, as measured by the CPI will be in well as several Fed speeches.