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Dollar falls against the euro
Thursday 24-09-2015
Twilight News / US dollar fell against the euro on Wednesday after European Central Bank President Mario Draghi said the bank needs more time to assess whether the program will expand stimulus.
He informed Draghi of the Committee on Economic and Monetary Affairs of the European Parliament that slowing growth in emerging markets and the high value of the euro and falling commodities all prices of factors already frustrated expectations to enhance its asset purchase program, but that there is a need for more evidence to determine whether these factors have a lasting impact.
Draghi's comments pushed the euro higher against the dollar after it was European currency had fallen to its lowest level in two weeks and a half.
The euro was also the highest level in a week against the pound to hit 73.47 pence after Draghi comments.
The dollar continued to climb against emerging-market currencies, its highest level ever in front of the Brazilian currency at 4.12 riyals.
The euro ended the US trading, up 0.58 percent against the greenback at $ 1.1185 and rose 0.07 percent against the Japanese currency to 120.21 yen. The Swiss currency against the dollar rose 0.39 percent to 0.9791 francs.
The decline in the dollar index, who measures the greenback's value against a basket of six currencies Riasah- 0.05 percent to end the trading in the US market at 96.231 after he jumped earlier to 96.548, the highest level in two weeks and a half.
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Thursday 24-09-2015
Twilight News / US dollar fell against the euro on Wednesday after European Central Bank President Mario Draghi said the bank needs more time to assess whether the program will expand stimulus.
He informed Draghi of the Committee on Economic and Monetary Affairs of the European Parliament that slowing growth in emerging markets and the high value of the euro and falling commodities all prices of factors already frustrated expectations to enhance its asset purchase program, but that there is a need for more evidence to determine whether these factors have a lasting impact.
Draghi's comments pushed the euro higher against the dollar after it was European currency had fallen to its lowest level in two weeks and a half.
The euro was also the highest level in a week against the pound to hit 73.47 pence after Draghi comments.
The dollar continued to climb against emerging-market currencies, its highest level ever in front of the Brazilian currency at 4.12 riyals.
The euro ended the US trading, up 0.58 percent against the greenback at $ 1.1185 and rose 0.07 percent against the Japanese currency to 120.21 yen. The Swiss currency against the dollar rose 0.39 percent to 0.9791 francs.
The decline in the dollar index, who measures the greenback's value against a basket of six currencies Riasah- 0.05 percent to end the trading in the US market at 96.231 after he jumped earlier to 96.548, the highest level in two weeks and a half.
[You must be registered and logged in to see this link.]
