|Day's Range||1.134 - 1.139|
|52 Week Range||1.1223 - 1.2558|
Mario Draghi says the European Central Bank is confident on the outlook for inflation but signals caution on the economic outlook as the institution pulls the plug on monthly asset purchases, the centerpiece of its quantitative easing program.
Investing.com - The U.S. dollar was higher on Thursday, as the number of people who filed for first-time unemployment benefits hit a two-and-a-half month low.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.19% to 97.20 as of 10:18 AM ET (15:18 GMT).The dollar was boosted after the U.S. Department of Labor said that the number of individuals applying for initial jobless benefits in the seven days ended Dec. 8 decreased by 27,000 to a seasonally adjusted 206,000. ...
Investing.com - Despite the fact that the European Central Bank decided to pause on its asset purchase program, its president, Mario Draghi, warned that risks were leaning to the downside, sending the euro briefly to intraday lows.
It had rallied on Wednesday in anticipation as traders bet her win might allow her to negotiate more generous terms for Britain in its exit from the European Union in March. The dollar strengthened against most major currencies stemming from optimism on some progress between China and the United States to resolve their trade issues, analysts said. "Continuing confidence and increasing caution," was how ECB President Mario Draghi at his news conference described ECB's decision for ending the 2.6 trillion euro ($2.95 trillion), four-year-long quantitative easing program.
Major currencies were struggling for directions on Thursday, when the European Central Bank formally ended its bond buying program.
European Central Bank President Mario Draghi speaks about the effect of geopolitical uncertainty, protectionism and market volatility on the European economy.
CNBC’s Wilfred Frost reports on U.K. Prime Minister Theresa May’s confidence vote victory amid uncertainty around the future of her leadership and Brexit.
Michael Krautzberger, head of European fixed income at BlackRock, discusses the European Central Bank's latest monetary policy decision.
Antonio Garcia Pascual, chief European economist at Barclays, discusses what to expect from the European Central Bank going into 2019.
Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets, discusses the European Central Bank's decision to end its quantitative easing program.
Mario Draghi, president of the European Central Bank, delivers a press conference following the institution's latest monetary policy decision.