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Euro hovers as market focuses on ECB meeting


Thursday, 8 March 2018 17:02 WIB

Indeks Dolar Yen EuroIndeks Stoxx Europe 600


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The euro hovered near $1.24 on Thursday as the dollar recovered after the White House said some countries could be exempted from planned U.S. import tariffs, while traders awaited the outcome of a European Central Bank meeting later in the day.

All eyes will be on the ECB for clues about the speed and timing of monetary tightening and any signs it is starting to grow uncomfortable with the currency's strength. The euro trade-weighted index this week hit its highest since September 2014.

 The euro traded down 0.1 percent at $1.2403 at 0830 GMT.

The dollar traded flat index against a basket of major currencies at 89.616 after pulling away from a two-week trough of 89.407 the previous day. The dollar fell against the yen, with the Japanese currency up 0.2 percent at 105.95 yen.

Source: Reuters


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