vendredi 2 janvier 2015
Dollar hits highs against euro, franc after Draghi fuels QE bets
Posted on 16:08 by nice news
The U.S. dollar hit its highest level against the euro in 4-1/2 years on Friday and reached parity with the Swiss franc after comments from European Central Bank President Mario Draghi underscored the benefits of tighter U.S. monetary policy.
The euro fell to $1.2005, its lowest since June 2010, after Draghi told the German financial newspaper Handelsblatt that the ECB was less likely to preserve price stability than it was six months ago, suggesting it was ready to take bolder steps on monetary stimulus early this year.
"Markets and commentators have been talking about this for ages, but to hear it from the horse's mouth has had a clear effect on the euro," said David Rodriguez, a quantitative strategist at DailyFX.com, a unit of retail FX broker FXCM in New York.
The euro fell to $1.2005, its lowest since June 2010, after Draghi told the German financial newspaper Handelsblatt that the ECB was less likely to preserve price stability than it was six months ago, suggesting it was ready to take bolder steps on monetary stimulus early this year.
"Markets and commentators have been talking about this for ages, but to hear it from the horse's mouth has had a clear effect on the euro," said David Rodriguez, a quantitative strategist at DailyFX.com, a unit of retail FX broker FXCM in New York.
Dollar hits highs against euro, franc after Draghi fuels QE bets
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