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On Tuesday, the common currency edged up to the day’s peaks after European Central Bank President Mario Draghi told that there’re quite clear signs of a broadening and strengthening revival underway in the euro zone area.
The currency pair EUR/USD edged up 0.53%, trading at 1.1239, the highest value since June 14.
Draghi told that the ECB sees surge, which is above trend and perfectly distributed across the euro area, though repeated that a considerable degree of stimulus is still required in the euro zone, and the ECB needs to be prudent in how to unwind it.
The comments arose at the ECB’s central banking forum i during the keynote speech, Portugal.
Mario Draghi told that the ECB’s policies have turned to be effective in rebuilding inflation, though stressed that the reflationary process was being hampered by a slew of external price shocks, altering relationship between inflation and slack.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
On Thursday, digital coins declined due to the fact that JP Morgan uncovered its own crypto asset expected to help the well-known bank to settle payments between its customers…
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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