Euro rallies to three-month high against dollar

2019-01-10 08:14:33 GMT (Economies.com)
Euro rallies to three-month high against dollar

Euro rallied to three-month highs on Thursday against the dollar for another session, as the dollar continues to suffer following the release of the Federal Reserve's meeting minutes, which cut chances of several rate hikes in 2019 further. 

 

EUR/USD rose 0.1% as of 07:22 GMT to 1.1555, with an intraday low at 1.1538, and the highest since October 17 at 1.1569. 

 

Euro rose 0.9% yesterday, the fourth profit in five days, and the largest since September 19. 

 

The dollar index shed 0.1% on Thursday, the second loss in a row, while marking three-month lows at 94.62. 

 

The pressures on the dollar came as analysts expect a slower pace of US rate hikes in 2019 according to the Fed's meeting minutes. 

 

The minutes showed several policymakers favor maintaining interest rates unchanged this year, while hinging a hike solely on data. 

 

Now investors await similar meeting minutes for the European Central Bank, at which policymakers voted to maintain interest rates while announcing the end of the program to cut assets. 

 
 
 
  Symbol Last Change Chg.%
1.1389
-0.0074
0.6482%
1.2871
0.0014
0.1073%
15.554
-0.043
0.277%
52.002
0.382
0.739%
61.02
-0.30
0.49%
1292.275
4.515
0.351%
 
 
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