XE Market Analysis: Euro Recovers Despite Record Low Borrowing Costs

OVERVIEW Eurozone inflation was confirmed at 0.6% year-on-year last month, the fastest pace of price increases since April 2014. US housing starts tumbled 18.7% last month, dropping from a nine-year high in October as construction activity declined.  Russia’s central bank left interest rates unchanged at 10% as expected, and said it will consider cutting rates next year as inflation risks ease. HIGHLIGHT Germany’s costs of borrowing for two years fell to a fresh record low of -0.8%. The ECB launched a new lending scheme aimed at supporting a funding market that underpins the financial system.  US DOLLAR The US Dollar…

Source: XE news feed
XE Market Analysis: Euro Recovers Despite Record Low Borrowing Costs