Will the ECB’s QE keep the euro under pressure?

While the onset of the ECB’s quantitative easing (QE) is likely to weigh on the euro in time, exchange rates are two sides of a coin, so the fate of the currency will also depend on the prospects for unconventional monetary policy outside the euro-zone. Meanwhile, other factors – such as how events in Greece play out in the wake of Syriza’s victory – may have a significant bearing on the euro’s value.

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