Euro rises in price to the dollar within the correction in anticipation of ECB meeting

Euro rises in price to the dollar within the correction in anticipation of ECB meeting


The Euro-dollar exchange rate has grown up to 1,1345 with 1,1326 dollar dollar per Euro yesterday. The ECB, according to some analysts, may decide to expand or extend its programme of asset purchases.

MOSCOW, 20 Oct. The Euro on Tuesday, rising against the dollar, correcting after falling to a ten-day low on investor expectations the European Central Bank (ECB) later this week, according to AFP.

As of 10: 30 Moscow time the Euro-dollar exchange rate has grown up to 1,1345 with 1,1326 dollar dollar per Euro yesterday. The dollar against the yen grew up to 119,68 yen per dollar with 119,50 yen per dollar at the previous closing. The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased by 0.11% to 94,81 item.

The decline in oil prices has resulted in deflation in the Eurozone last month. Some investors feel that due to the most recent statistics, the ECB eventually may decide to expand or extend its programme of asset purchases. The next meeting of the European regulator will be held on October 22.

Some economists believe that the expansion of quantitative easing program (QE) by the ECB will be announced in December. “We think they’ll probably expand in December, but not before the December meeting. The extension is the most likely step the ECB. I think that increasing the size of the current procurement will be problematic,” he told Reuters, head of fixed income research at U.S. Bank Wealth Management in Portland, Oregon, Jennifer vail (Vail Jennifer).