Euro on track for second weekly loss in row

2021-07-23 09:14:24 GMT (Economies.com)
Euro on track for second weekly loss in row

Euro rose in European trade on Friday away from 3-1/5 month lows against dollar, while still heading for the second weekly profit in a row amid concerns about divergent monetary policies for US and Europe. 

 

EUR/USD rose 0.1% to 1.1780, with an intraday low at 1.1762, after closing down 0.2% yesterday to near 3-1/5 month lows at 1.1752. 

 

Euro is still down 0.3%% against dollar this week on track for the second weekly decline in a row. 

 

The European Central Bank voted to maintain interest rates unchanged yesterday, while carrying on its bonds purchases program valued at 1.85 trillion euros a month until next March.

 

ECB President Christine Lagarde warned the new Delta coronavirus strain could represent a new threat to recovery in the region, and asserting it's still too early to tighten the policies as inflation and recovery remain tenuous. 

 
 
 
  Symbol Last Change Chg.%
1.1737
0.0023
0.2002%
1.3715
0.0039
0.2874%
Tadawul
11270.57
-40.58
0.36%
22.752
0.452
2.025%
73.395
2.462
3.471%
77.54
0.28
0.36%
1755.010
-1.795
0.102%
 
 
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