© Reuters. Euro rises as ECB drops pledge to extend QE
Investing.com – The euro rose across the board on Thursday after the European Central Bank dropped its pledge to expand its quantitative easing bond purchasing stimulus program, in a more hawkish rate statement than expected.
was trading at 1.2421 by 08:14 AM ET (13:14 GMT), up from around 1.2372 earlier.
The euro gained ground after the ECB , if the euro zone economic outlook were to deteriorate, in a sign that it is moving closer to ending its massive easing program.
The central bank also left euro zone interest rates unchanged at a record low of zero, as expected.
The euro was also higher against the yen and the pound, with advancing to 1.2417 from an intra-day low of 1.2369 and up 0.13% to 0.8942 from 0.8917 earlier.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Sterling Advances as Lawmakers Grab Brexit Control From May - March 26, 2019
- Forex – Pound Little Changed After Parliament Takes Control of Brexit Process - March 26, 2019
- Dollar ticks up vs. yen as risk aversion ebbs, Brexit saga checks pound - March 26, 2019