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Euro climbs on Thursday

Investing.com -

Investing.com - The euro surged before a press briefing by the European Central Bank earlier today, but declined immediately after that, and settled a bit lower today.

The EUR/USD closed at 1.0615, down 0.1%.

The GBP/USD was also down 0.2%.

The USD/JPY was flat, ending the day the same as yesterday, at 114.03.

The ECB's Mario Draghi said today that easing may be extended past the deadline of December 2017.

Forecasts of European inflation of 1.7% by the end of 2019 were not in alignment with the ECB's target rate of under 2%.

Investors think European Central Bank policy is likely to remain loose for some time, with an interest rate hike not anticipated for years.

EUR/USD initially surged in the wake of the ECB's policy decision, with financial markets encouraged by policymaker's outlook on monetary policy.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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