The Euro-dollar exchange rate fell to the lowest level in seven months


Moscow. November 23. Euro fell Monday against the U.S. dollar and most of the remaining ten major currencies in anticipation of further easing by the European Central Bank (ECB) monetary policy, Bloomberg reported.

The ECB President Mario Draghi, speaking in Frankfurt on Friday, reiterated the readiness of the Central Bank to take all necessary measures for the speedy increase in inflation in the Eurozone to the target level of 2%.

“If we understand that existing measures within the framework of our monetary policy is not enough to achieve our goal, we will do our best to increase the inflation in the shortest possible time”, – he noted.

The next ECB meeting will take place on 3 December.

The Euro to US dollar during trading to $1,0618 compared to $1,0646 at market close on Friday. During the session, the Euro fell to $1,0601 – the lowest level since April 15.

“It now seems quite possible that the Euro will fall to $1,05,” notes the analyst of currency market National Australia Bank Ltd. in Sydney ray Attrill.

According to the expert, in the current exchange rate of the Euro against the dollar laid once again reduced the European Central Bank Deposit rates and the extension of quantitative easing (QE).

“There is a possibility that the ECB would be less active than expected by the market,” says Attrill.

EUR/JPY is trading on Monday at the level 130,77 130,74 the yen against the yen on the results of the previous session.

The dollar against the yen rose to 123,16 the yen, compared to 122,81 the yen on Friday.