Euro buoyed before ECB meeting as Fed forecast knocks dollar

Financial Post | Dec 12, 2019 at 8:56 AM
  • The euro stood at five-week highs on Thursday before new European Central Bank President Christine Lagarde’s first policy meeting, after the Federal Reserve’s forecast that it would hold rates through 2020.
  • Traders will scrutinize Lagarde’s every word for her take on the ECB’s latest stimulus plans, introduced in September, and the bank’s economic forecasts.
  • Sterling rose to its highest since March at $1.3229 , amid dollar weakness and confidence Britain’s Conservative Party will win a majority in Thursday’s election.
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  • Euro buoyed before ECB meeting as Fed forecast knocks dollar (Reuters: Dec 12, 2019 at 8:55 AM)