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Euro holds at two-year highs vs. dollar after Draghi comments

Published 21/07/2017, 09:54
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Investing.com - The euro Friday held at two-year highs of above $1.16 against the dollar after comments by ECB chief Mario Draghi that were deemed hawkish.
The euro was up 0.11% at $1.1645 at 04:15 ET after hitting a high for the session of $1.1677.
That depressed the dollar index, which at one point fell below the 94 mark at levels last seen over a year ago.
The index was down 0.09% at 94.00 after a low of 93.84.
Draghi said Thursday the ECB had put off any discussion of a possible policy shift until the fall.
The ECB as widely expected left policy on hold and left open the possibility of increasing asset purchases if the situation so demanded.
The dollar fell back below the 112 mark against the yen as the BoJ signaled massive stimulus would remain in place.
The pound was steady below the $1.30 mark as the odds of a BoE rate hike dimmed.
The Aussie weakened against the dollar after dovish remarks by the RBA deputy governor.
Guy Debelle signaled the Australian central bank was in no hurry to raise rates.

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