Euro falls after ECB meeting minutes

Economies.com
2017-04-06 16:11PM UTC

Euro fell on Thursday for the second day in a row to a three-week trough, following the European Central Bank's meeting minutes, while the dollar gained ground. 

 

The ECB pointed to risks facing the European economy, most importantly Britain's exit from the European Union, while asserting its intention to keep interest rates low for some time, allowing inflation to rise but readying to intervene. 

 

The ECB meeting's statements pushed the euro lower. while the dollar was buoyed by upbeat U.S. unemployment claims data ahead of the payrolls report tomorrow. 

 

Investors are waiting as well for the U.S.-China summit tomorrow, which pushed prices into sideways trading for the time being. 

 

EUR/USD last traded at 1.0654, down from the opening of 1.0674, with a session-high at 1.0687, and a low at 1.0632. 

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