Euro falls for first time in five sessions vs. dollar as eyes on Draghi
2017-05-18 16:48:17 GMT (Economies.com)
Euro falls for first time in five sessions vs. dollar as eyes on Draghi

Euro bounced lower from its highest level since November 9 against the dollar on profit-taking, following earlier data from the euro zone and the U.S., the world's largest economy. 

 

EUR/USD fell to 1.1131 from the opening of 1.1159 as of 05:03 GMT, with an intraday low at 1.1104, and a six-month high at 1.1081. 

 

Earlier, the European Central Bank's last meeting minutes were released, at which policymakers held interest rates and steady and signaled the easing program will continue until the end of next year and maybe farther if needed. 

 

Policymakers also asserted their work to sustain inflation pressures to the bank's 2% target, while markets await ECB president Mario Draghi's speech in Tel Aviv University. 

 

Otherwise, U.S. unemployment claims fell to a three-month low while the Philly manufacturing index rose to its highest since February, as U.S. treasury secretary testified ahead of the Senate Banking Committee to talk about the rollback of Dodd-Frank. 

 
 
 
  Symbol Last Change Chg.%
1.1182
-0.0026
0.2275%
1.2796
-0.0145
1.1239%
17.325
0.161
0.935%
48.945
0.260
0.534%
51.70
0.26
0.51%
1267.215
11.610
0.925%
 
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