As of yesterday the Euro had lost 9.3% of its value against the dollar since the beginning of the year. As Mario Draghi implements his plan to stimulate the economy of the Eurozone, weakening the Euro may make Europe seem a better place to trade.

So far so good it seems as the statistics tell us that economic growth in the euro area had stabilized at the beginning of the fourth quarter of 2014, according to Markit PMI, which announced a final composite of overall activity at 52.0 in September to 52.1 in October.

The results of the US election, which allowed Republicans control of both chambers of parliament, the House of Representatives and the Senate promises an end of term without relief for President (Democrat) Barack Obama. Traders note that the market has seen the result of this election as favorable to the business community, which pulled the US Dollar higher.

In contrast, euro gained 0.37% against the yen to 142.90, bringing its current rise to nearly 4% this week. The Governor of the Bank of Japan, Haruhiko Kuroda, promised that the Japanese central bank would do ‘all it could’ to prevent deflation. The asset purchases by the Bank of Japan are already significant and cover a wide variety of assets, stocks and bonds, public and private.

This statement by the Japanese central bank may be in contrast with what the President of the ECB, Mario Draghi, could state at the end of the monthly meeting of the Governing Council of the institution for the euro zone . Indeed, the flexibility of the ECB appears to be much less important.

Mario Draghi will be exposed to criticism from several governors of national central banks of the euro area, in particular its management style and its communication.