Euro widens gains to one-week high
2017-02-16 16:09:22 GMT (Economies.com)
Euro widens gains to one-week high

Euro kept rising on Thursday for the second day in a row to a one-week high on short-covering after hitting a five-week low yesterday, as the dollar fell and following the release of the European Central Bank's meeting minutes today.
 
EUR/USD last traded at 1.0666, up from the opening of 1.0602, with an intraday high at 1.0670, and a low at 1.0601.
 
The dollar fell today away from a five-week high hit yesterday, underpinning the common currency and triggering short-covering after recent tumbles.
 
The ECB's meeting minutes focused on inflation rates in the Eurozone, forecasting a rise in the medium term as oil prices rise, with the bank expecting a rate of 1.4% in 2017, and 1.5% in 2018.
 
Bullish outlook for inflation in the Eurozone buoyed the common currency to a one-week high even after odds rose for a Fed rate hike in the March meeting following Fed Chair Yellen's Congress testimony.

 
 
 
  Symbol Last Change Chg.%
1.1627
-0.0003
0.0275%
1.2968
-0.0006
0.0428%
16.317
-0.015
0.089%
46.905
-0.025
0.053%
49.30
-0.40
0.80%
1244.385
-0.340
0.027%
 
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