EURO drops on fears of future ECB interference

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EURO drops on fears of future ECB interference

Postby » Sat Mar 19, 2016 9:21 am

The euro decreased against the dollar and the Japanese yen at mid-week when traders pushed it down expecting changes in monetary policy from the ECB the next day.

The euro was at $1.0975, decreased from $1.1006 on Tuesday. Against the yen, the EU currency slipped to the week’s minimum of ¥123.45 before returning to ¥123.55. It was at the level of ¥123.94 on the previous day.

The euro crossed the $1.100 level as the U.S. dollar was more affected by changes in oil prices in the previous weeks, but it currently seems that investors changed positions before the European Central Bank ... (read more)

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