DJIA25827.36
LIVE92.39(0.36%)
NDX10341.89
LIVE0(0.00%)

Euro Near Multi-Month High as Markets Bet on ECB Stimulus Boost


Thursday, 4 June 2020 08:30 WIB

EuroDolar AS


c_740_198_16777215_00_images_assets_CURRENCY2_0euro-1024-6.jpg

The euro held near multi-month highs against rival majors Thursday on expectations the European Central Bank will expand its bond buying programme later in the day to shore up the coronavirus-stricken economy.

The euro's strength helped to push the dollar's index against a basket of key currencies to the lowest level in nearly three months.

The euro stood at $1.12305, having risen to $1.1258 on Wednesday, its highest levels since mid-March and the seven straight session of gains.

Against the Japanese yen, the common currency rose to a 4-1/2-month high of 122.625 overnight and last stood at 122.41 yen.

The European Central Bank is widely expected to increase the size of its 750 billion euro ($669 billion) Pandemic Emergency Purchase Programme (PEPP) as early as Thursday.

Source : Reuters


RELATED NEWS

  • The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with hopes for a COVID-19 vaccine breakthrough also helping ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.