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The EUR/USD currency pair was exposed to extreme levels of volatility on Thursday. The ECB has said that it will extend its QE programme out to December next year. From April to December asset purchases will be EUR 60 bn per month, EUR 20bn less than the current monthly purchases.

The reduction to EUR 60 bn from April 2017 untill the end of the year could spark fears of a taper potentially sabotaging growth and pressuring the ECB to take further actions.

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