TX: Euro exchange rate are in US trading a little further after
NEW YORK (AFX) – The rate of the euro has further yielded on Tuesday in US trading something. Speculation about a further easing of monetary policy of the European Central Bank (ECB)
loaded. The European single currency was trading at around one and a half hours before the closing bell on Wall Street at 1.1120 US dollars. At the
Later in the morning in Frankfurt had temporarily traded the euro above the mark of 1.12 dollars. The ECB had the reference rate at 1.1155 (Monday: 1.1250) dollars
fixed. The dollar cost order 0.8965 (0.8889) Euro.
“The markets believe it is increasingly likely that the ECB could expand its bond purchases to support the economy,” said Stephan Rieke currency expert at BHF-Bank. Recently had
again ECB officials signaled readiness to act. “These statements are increasingly being understood as an announcement of a further easing of monetary policy.” The rates of European government bonds benefited from these expectations. /Ck /he
