Market Overview

EUR/USD At New Multi-Year Lows

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Europe's Euro Currency (EUR/USD) is trading at 116.80 with a wide range of 117.90 on top and 115.63 on the bottom. Trading is extremely choppy. Chatter is about the collapse in the Swiss Stock market, ECB policy action and/or inaction. Chatter is the Swiss National Bank policy move as a precursor to some countries eventually leaving the Euro.

The World Bank lowered its growth forecast for the world economy to 3.0 percent for 2015, from the 3.4 percent forecast it made last June.

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