Euro hovers near 2-year high against dollar post-ECB
Friday,
21-Jul-2017
03:55 PM (IST)
Apart from weakness from the political panorama stateside, the euro continued to be bolstered against the greenback after European Central Bank (ECB) president Mario Draghi hinted on Thursday that the euro zone monetary authority could begin discussions on tapering stimulus in the fall.EUR/USD reached 1.1677 on Friday its highest level since August 2015 as markets took Draghi’s comments to mean that the ECB was slowly shifting towards taking a less dovish stance and beginning to consider a removal of policy accommodation.
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