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%
|
|
