Euro fell against the dollar on the statements of the ECB President

Euro fell against the dollar on the statements of the ECB President


The Euro-dollar exchange rate decreased to 1,1102 with 1,1109 dollar dollar per Euro on Thursday. Earlier, the head of the ECB Mario Draghi said that the regulator will need to revisit its monetary policy in December.

MOSCOW, 23 Oct. The Euro-dollar exchange rate declines on Friday on statements of the head of the European Central Bank (ECB) Mario Draghi on quantitative easing program, according to AFP.

As at 10.35 GMT, the Euro against the dollar decreased to 1,1102 with 1,1109 dollar dollar per Euro on Thursday. The dollar against the yen fell to 120,43 yen per dollar with 120,69 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 0.03% to 96.38 per item.

At a press conference following the meeting ECB’s Draghi said that the regulator will need to revisit its monetary policy in December. He recalled that the programme of asset purchases is sufficient flexible and allows adjustments of size, composition and duration.

“Although the ECB kept its monetary policy unchanged, investors were actively selling euros because the regulator not only gave the market to understand that ready to increase the stimulus, but is actively exploring ways to do it”,- said the Agency France Press BK Asset Management analyst Kathy lien (Kathy Lien).