Euro to mark fourth yearly loss in five versus dollar

Economies.com
2018-12-31 16:50PM UTC

Euro tilted higher in American trade off June 2017 lows against the dollar for the 22nd session out of 35, in a day that lacks major data releases from the US and the euro zone. 

 

As of 04:31 GMT, EUR/USD rose 0.05% to 1.1450, with an intraday high at 1.1466, and a low at 1.1422. 

 

European Central Bank member Sabine Lautenschläger said there's a chance for a rate hike in 2019 from current zero levels, adding it will all depend on inflation data in the first two quarters. 

 

Otherwise, the Italian Parliament voted in favor of the new budget bill for 2019 ahead of the deadline set by the EU and the Italian government last year, with 327 voting in favor versus 228 votes against. 

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