Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Here are the factors in the euros rise above $1.20

Published 31/08/2017, 14:27
Updated 31/08/2017, 14:27

Investing.com - The euro rose above $1.20 on Tuesday for the first time in 2½ years
The euro has risen around 14% against the dollar so far this year,
on hopes that the ECB will soon announce plans to taper stimulus.
The euro was also buoyed by ECB President Mario Draghi’s speech at Jackson Hole.
His lack of comment on the strong euro was seen as an indication that it would continue to rise.
The dollar has been hit by a combination of political and economic concerns
The euro also hit 8-year highs against the pound this week,
on the back of the diverging economic outlook for the euro zone and the UK,
and its implications for monetary policy.
The strong euro is a headache for the ECB due to its impact on inflation,
at a time when it is about to start scaling back stimulus.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.