Weak Euro is rising against the dollar after falling on the statements of the ECB President

Weak Euro is rising against the dollar after falling on the statements of the ECB President


The Euro-dollar exchange rate has grown up to 1,1111 with 1,1109 dollar dollar per Euro on Thursday. The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased by 0.09% to 96,32 item.

MOSCOW, 23 Oct. The Euro against the dollar has resolved to the upside on Friday, slightly adjusting upward after falling on the statements of the head of the European Central Bank (ECB) Mario Draghi on quantitative easing program, according to AFP.

As at 13.23 GMT, the Euro against the dollar grew to $ 1,1111 1,1109 dollars per Euro on Thursday. The dollar against the yen fell to 120,45 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 0.09% to 96,32 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. The message from Draghi led to the fall of the European currency.

“The ECB President Mario… provoked expectations of further monetary easing, and this was the main reason for the Euro fall below the threshold at 1.15 to the dollar (made in recent times at the end of August),” he told the newspaper Le Point analyst at FxPro Simon Smith (Simon Smith).