Euro descends from 14-month peaks with ECB meeting in focus

Euro descends from 14-month peaks with ECB meeting in focus

On Wednesday, the common currency pulled back from its highest peak since May 2016 versus the greenback because traders waited for the outcome of Thursday’s ECB policy meeting.

The currency pair EUR/USD slid 0.19% hitting 1.1530, which is still not far from Wednesday’s peaks of 1.1582.

Anticipation has been mounting ahead of the gathering after ECB President Mario Draghi sent the common currency with hawkish comments on the euro zone revival in his speech in Sintra, Portugal the previous month.

The remarks happened to signal a drift towards tapering monetary stimulus, although Draghi also repeated that any changes to the stimulus program are going to be cautious and gradual.

The ECB is actually experiencing a balancing act between reducing stimulus because the economy strengthens while financial markets are still jittery and inflation, which is still below the bank’s objective of close to, though just under 2%.


Yen slips in Asia

On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…

Latest news

Greenback edges down

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…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera