Euro starts rising on European Central Bank minutes

Posted 11 January, 2018

Following an upturn on the Thursday trading driven by China's reports, the US dollar rate has started sliding due to the released bullish minutes of the December meeting of European Central Bank, as reports mainstream media.

According to the report, it is possible that the European Central Bank will revise its future plans in early 2018, in case of further economic growth, with inflation coming even closer to the Board's target level. 

In particular, the euro-to-US dollar rate has strengthened to $1.2018, against $1.1948 at the close of the previous session.

ICE U.S. Dollar index fell 0.21%. WSJ Dollar index, showing US dollar value against 16 main currencies, dipped 0.08%.

The euro to Japanese yen also progressed to 134.14 (133.14 a day earlier), while US dollar to yen gained 111.63 by that time (111.44).

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12 January, 2018 11:33

← Low December imports in China affects Australian dollar

Australian dollar got cheaper on Friday due to combined trading results of China. China recorded imports below expectations, which affected demand outlook in Australia, the key trade partner. The AUD to USD exchange rate decreased 0.11% to 0.7883. USD to JPY rate lost 0.05% coming to 111.21. Beijing unveiled December trade highlights – exports hiked 10.9%...

Low December imports in China affects Australian dollar

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