Name: Currencies and European shares | Market Minute
Uploaded: 2016-10-24T10:02:28.000Z
Duration: 1 min 8 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Here's what we're watching as the trading week enters the homestretch.

The currency's weakness is helping push up share prices in key European markets

The Euro has dipped below 1.09 against the dollar,

as traders now appear to have drawn the conclusion

that no news should be read as good news.

The ECB disappointed the market on Thursday by punting any decision

over extending quantitative easing towards the end of the meeting.

A second day appraisal by Mr. Market Hover appears more sanguine.

Clearly, until we see eurozone inflation firmly on course to hit 2%,

That has the Euro on track for a third straight losing week.

Also playing a crucial part is the dollar,

with few doubting the Federal Reserve will tighten policy in December.

So, central bank diversions, the dominant trend at the start of the year

Unable to hold above $1.23 earlier this week,

at the very least, the sickly pound remains ahead of last Friday's close