Euro surges to near two-year high against the dollar.
TOKYO (AP) — Asian shares were mixed Friday in muted trading after the European Central Bank announced no changes to its stimulus policies.
The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs. While ECB President Mario Draghi set no date for changes to the bond-buying plan, investors took his comments on Thursday as confirming their expectations that the discussions would lead to monetary tightening next year. "Although bond markets didn't take his comments as something particularly new, the currency market liked the fact that Draghi confirmed his stance towards tapering," said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank.