Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Euro holds at two-year highs vs. dollar after Draghi comments

Published 21/07/2017, 09:54
Updated 21/07/2017, 09:54
© Reuters.

© Reuters.

Investing.com - The euro Friday held at two-year highs of above $1.16 against the dollar after comments by ECB chief Mario Draghi that were deemed hawkish.
The euro was up 0.11% at $1.1645 at 04:15 ET after hitting a high for the session of $1.1677.
That depressed the dollar index, which at one point fell below the 94 mark at levels last seen over a year ago.
The index was down 0.09% at 94.00 after a low of 93.84.
Draghi said Thursday the ECB had put off any discussion of a possible policy shift until the fall.
The ECB as widely expected left policy on hold and left open the possibility of increasing asset purchases if the situation so demanded.
The dollar fell back below the 112 mark against the yen as the BoJ signaled massive stimulus would remain in place.
The pound was steady below the $1.30 mark as the odds of a BoE rate hike dimmed.
The Aussie weakened against the dollar after dovish remarks by the RBA deputy governor.
Guy Debelle signaled the Australian central bank was in no hurry to raise rates.

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.