Euro edges up before ECB decision

Euro edges up before ECB decision

On Thursday, the common currency managed to inch up because market participants waited for further details of the ECB’s intention for scaling back its bond- buying program. Meanwhile, the evergreen buck took a breather following its recent surge.

The euro tacked on 0.1% being worth $1.1824, having grown from a two-week minimum of about $1.1725, demonstrated on Monday.

On Thursday, the EU’s major financial institution is widely anticipated to unveil a scaling back of its ambitious bond-buying stimulus measure, taking a huge step in unwinding a long period of loose monetary policy.

As a Reuters survey of market experts suggests, the ECB is supposed to disclose that it’s about to get down to trimming its asset purchases to nearly 40 billion euros a month, down from the current outcome of 60 billion euros. The measure will be probably kick off in January.  

The evergreen buck has been recently spurred by optimism regarding the prospects for a tax-cut initiative. Moreover, market participants pondered over the likelihood that Stanford University market expert John Taylor could head the Fed soon.


US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

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