Euro holds the ECB back

The decision of the German top court sends the EUR/USD down

You can’t break a broom if do not damage its rods first. The long-awaited decision of Germany’s constitutional court on the legacy of the European QE has become a shock for financial markets. It has undermined the ECB independence and increased the EU break-up. The first broken rod has become Italy. Italy’s bond yield jumped as much as 17 basis points, widening the gap with their German counterparts to 250 basis points. Italian Finance Minister Roberto Gualtieri had to calm down the markets saying that the German court’s decision…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>