The Euro Plummets

By Derek Hunter

The European Central Bank (ECB) announced on Thursday that it would begin its new quantitative easing program on Monday, March 8th. The markets have been anxious for the start of the ECB’s bond buying program, which has the potential to stimulate Europe’s stagnating economy. However, the ECB’s bond buying programs comes on the heels of the twelfth consecutive robust U.S. jobs report. As the Wall Street Journal discusses, the Euro is likely to approach parity with the U.S. Dollar as conditions in Europe continue to decline while economic indicators continue to point towards a steadily improving U.S. economy.