CMC: euro's loss is dollar's gain


Ashraf Laidi, chief market strategist at CMC in London, said: "The euro's breach below $1.23 and cable's post-election dip under $1.47 were vital technical confirmations for the greenback's ascent."

When forecasting, Laidi said, CMC focused on broadening euro deterioration, dragged down by negative eurozone sovereign dynamics and the European Central Bank's (ECB) foray into quantitative easing. The governing council of the ECB announced on June 30 that it had purchased €60 billion worth of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: