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16 January, 2018
ollar Regains Ground as Euro Retreats from Three-Year High
Forex Market News Feed - Dollar Regains Ground as Euro Retreats from Three-Year High


The dollar pushed compound adjoining a basket of the add-on major currencies concerning the order of Tuesday as the euro pulled facilitate from three-year highs scaled in the company of growing expectations that the European Central Bank could pare confirm its monetary stimulus this year.

The U.S. dollar index, which events the greenback's strength adjoining a trade-weighted basket of six major currencies, was occurring 0.34% to 90.44 by 08:43 AM ET (13:43 GMT). The index plumbed a three-year low of 90.05 upon Monday.

EUR/USD was the length of 0.35% to 1.2223, pulling away from Monday's highs of 1.2296, which was the strongest level abet in December 2014.

The single currency came asleep pressure after Reuters reported that the ECB is unlikely to decline a pledge to save buying bonds at its upcoming meeting as soon as-door week.

Last week's minutes of the bank's December meeting showed that officials were subsequently than a gradual shift in policy auspices from abet on this year.

Any changes to the bank's guidance would likely be seen by investors as an indication that policymakers are preparing for winding alongside their sticking together buying stimulus program.

The dollar has weakened broadly recently along amid the view that the global economic recovery will outpace U.S. stockpile and prompt addendum major central banks, led by the ECB to begin unwinding lost monetary policy at a faster pace than has been generated. Read More

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