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Euro Rallies to 3-Week High as Traders Brace For ECB Tightening


Thursday, 7 June 2018 17:25 WIB

EuroMata uang Euro


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The euro climbed to a three-week peak against the dollar on Thursday, continuing its recent rebound. That rise was amplified by signals from policy makers that the European Central Bank is ready to focus on winding down its massive stimulus program.

The U.S. dollar continued to lose ground against its main rivals and faced another down day, with traders seen as keen to bet against the buck versus other major currencies.

The ICE U.S. Dollar Index dropped 0.4% to 93.311. That was around its lowest level since mid-May and set the greenback on track for its third losing session in a row, according to FactSet data.

The euro jumped to $1.1827 from $1.1775 late Wednesday in New York. The shared currency is now headed for a 2.1% weekly advance, which mark its best week since May 2017.

Source : Marketwatch


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