NEW YORK: The euro remained stable on Thursday as financiers looked for details of a sovereign bond-buying program that the European Central Bank is seen likely to declare later in the day.
Market expectations are sky-high for the ECB to unveil a large-scale program of quantitative easing.
A euro zone source said on Wednesday the ECB’s Executive Board has proposed a programthat would enable the bank to buy 50 billion euros ($58.05 billion) in bonds per month starting in March.
Whatever the outcome, traders said there is sure to be plenty of volatility in euro/dollar.
