EUR/USD extends losses on Nowotny’s comments

The single currency extended losses against the greenback after the European Central Bank policy maker Nowotny indicated a high probability of inflation slowing down in Q1 2015.
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Nowotny: High probability Eurozone inflation will slow further, Germany contributing to downturn

Speaking in Frankfurt, ECB governing council member, Ewald Nowotny has said that he sees a high probability that the Eurozone inflation rate will slow further in the first quarter of 2015, and that the ECB sees “massive” weakening in the Eurozone economy and that Germany is contributing to the downturn.
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