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On Thursday, the euro held close to a 14-month peak versus the greenback because traders look to clues from the ECB on tapering of its stimulus, while the Japanese yen barely budged after Japan’s major financial institution kept monetary policy intact.
The ECB is supposed to lay the groundwork for an autumn policy change when meeting on Thursday, stressing improved surge, while trying to temper hopes having set off a mini-tantrum in financial markets.
Mario Draghi, ECB President welcomed policy tweaks in a recent speech in Sintra, Portugal, spurring hopes that the ECB is geared towards announcing cuts in its asset purchasing program.
The euro is currently at $1.1515, rebounding from Tuesday's $1.1583, its highest outcome since May 2016, while maintaining gains of 3% since ECB Governor’s speech.
Versus the Japanese yen the common currency didn’t change, showing 129.10 yen, off the 17-month high of 130.76 demonstrated the previous week.
On Tuesday, the evergreen buck kept to the highest levels of 2018 against the backdrop of hopes for higher American interest rates, while the UK currency rebounded from one-and-a-half week minimums notwithstanding everlasting Brexit uncertainty…
On Tuesday, the major Chinese currency managed to head north versus the evergreen buck after a report that American Treasury Secretary Steven Mnuchin had proceeded with negotiations with China Vice Premier Liu He…
The most popular digital coin, Bitcoin is still firm on Monday notwithstanding a recent rebound from $6,500…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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