EUR/USD: ECB shook up U.S. markets - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the American dollar traded broadly higher all through this Tuesday, although the EUR's losses were neutralized mid US afternoon on a Bloomberg headline indicating that there is an informal consensus among central-bank officials to gradually wind down bond purchases before the end of QE that anyway will depend on the economic outlook.

Key Quotes:

"Among the different possible scenarios, comments focused on slowing purchases by EUR 10 billion per month. The news is still to be confirmed, and of course, the "as long as needed" applied to the end date of QE by Draghi in every single meeting, suggest that the European Central Bank is far away from the tightening path. 

The EUR/USD pair, which was trading around 1.1137, jumped up to 1.1258 in a matter of minutes, to finally settle around  the 1.1200 level, flat once again."

ECB near to consensus on need to taper QE - BBG