Dollar falls ahead of US GDP figures

After trending gently higher for the first half of the week, the euro has been sold to new three week lows in response to the disappointing Q4 GDP figures. The GDP figures are of course backward looking and more recent data, such as the PMI figures and German factory orders suggest the regional economy is stabilizing here in early Q1.

The Economic Times reports Spain's Prime Minister Mariano Rajoy considers ECB bond programme HELSINKI: Spain is considering asking help from the European Central Bank's bond-buying programme but is not planning a full sovereign bailout, Prime Minister Mariano Rajoy was quoted as saying on Wednesday in Finnish newspapers.

Inquiring minds are reading several recent articles on the EU Observer. ECB Considers Alternatives to Bond-Buy Program Please consider ECB mulling alternatives to bond-buy plan The European Central Bank is exploring alternatives to its controversial bond-purchase programme but has yet to decide on any replacement policy tool, ECB Governing Council member Ewald Nowotny told a German website in comments published on Tuesday.

By Marc Chandler:After trending gently higher for the first half of the week, the euro has been sold to new three week lows in response to the disappointing Q4 GDP figures. The GDP figures are of course backward looking and more recent data, such as the PMI figures and German factory orders suggest the regional economy is stabilizing here in early Q1.

By FXstreet:The euro weakened on Monday and erased last week's solid gains as lingering concerns about the eurozone and the global economic outlook offset Friday's upbeat U.S. jobs data, ahead of a meeting of eurozone finance ministers in Luxembourg later today.

Traders eye ECB announcement as FOMC continues bond buying programmeThe FOMC announced yesterday that they will continue with the bond buying programme. The major point, however, is that they are ready to increase or [...]Trading Floor News