Euro Recovers Some Recent Losses Amid Draghi's Comments
May 03 2012 - 9:00AM
RTTF2
The euro recouped some of its recent losses against most of its
major opponents amid the European Central Bank chief Mario Draghi's
post-rate comments.
The common currency climbed to 1.3174 against the dollar, up
from a 2-week low of 1.3097 hit around 8:30 am ET.
The euro advanced to 0.8139 against the pound around 9:00 am ET,
up from nearly a 2-year low of 0.8105 hit just ahead of commencing
the press-briefing.
The single currency also advanced above 106.0 against the yen,
up from 105.34 hit in the Asian session.
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