Euro Pares Gain After ECB Praet's Comments
September 25 2018 - 1:24AM
RTTF2
The euro retraced its early gains against its most major
counterparts in early European deals on Tuesday, after the European
Central Bank Chief Economist Peter Praet brushed aside speculation
for a quicker pace of normalising policy.
Although there is clear progress in underlying consumer
inflation, it's a long process and conditioned on very easy
monetary conditions, he told in London.
There was "nothing new" in Draghi's comments, he added.
The euro pared gains to 0.8940 against the pound and 1.1734
against the greenback, from its early highs of 0.8975 and 1.1774,
respectively.
The single currency reversed from an early high of 132.96
against the yen, easing back to 132.46. The next possible support
for the euro is seen around 0.88 against the pound, 1.15 against
the greenback and 131.00 against the yen.
Euro vs US Dollar (FX:EURUSD)
Forex Chart
From Mar 2024 to Apr 2024
Euro vs US Dollar (FX:EURUSD)
Forex Chart
From Apr 2023 to Apr 2024