Euro settles higher against dollar in American trade
2017-09-12 16:31:20 GMT (Economies.com)
Euro settles higher against dollar in American trade

Euro tilted higher in American trade against the dollar following an array of data from the euro zone and the US, which showed the JOLTS job openings rose unexpectedly in July. 

 

As of 04:11 GMT, EUR/USD rose 0.03% to 1.1956 from the opening of 1.1953, with an intraday low at 1.2015, and the highest since early 2015 at 1.2092.

 

Earlier Italian data showed the unemployment rate fell to 11.2% in the second quarter from 11.6% in the first, besting expectations of 11.3%. 

 

Otherwise, European Central Bank Vice-President Vítor Constâncio pointed earlier to the importance of maintaining a sufficient degree of monetary policy to boost inflation towards the target, noting that the negative rates mechanism proved its usefulness in the euro zone. 

 

Constâncio added that negative interest rates policies require continuous monitoring, and noting that all indicators assert that the negative side effects of the easing policies have been overwhelmed by their positive effects. 

 

Last week, ehe European Central Bank voted to keep its Minimum Bid Rate unchanged at zero percent, and deposit rates at minus 0.40%, before president Mario Draghi said the bank will carry on its ultra easing buying program of 60 billion euros a month until the end of 2017, and extending it beyond that if needed. 

 
 
 
  Symbol Last Change Chg.%
1.1842
-0.0063
0.5262%
1.3470
-0.0018
0.1368%
17.113
0.128
0.754%
52.135
1.490
2.942%
59.03
2.17
3.82%
1308.565
11.720
0.904%
 
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