Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Johnny Sefoka
Dec 13, 2018 2:49PM ET
Gbpusd to fall
0
0
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
Forex - Dollar Flat as Euro Pares Losses
© Reuters.
Investing.com - The U.S. dollar was flat against its rivals Thursday, as the euro pared losses after the European Central Bank confirmed it would stop purchasing new bonds, but signaled monetary policy remained accommodative.
The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.02% to 97.04.
The European Central Bank said it would end its three-year, €2.6 trillion bond-buying program this month and claimed it remains on track to raise rates after the summer of next year, despite a weaker economic backdrop for eurozone.
In prepared remarks to reporters in Frankfurt, ECB President Mario Draghi cut the 2018 growth outlook in the eurozone to 1.9% from the 2.0% forecast in September.
EUR/USD was flat at $1.1365, but well above its session lows of $1.1307.
GBP/USD rose 0.17% to $1.2652 as UK Prime Minister Theresa May's somber assessment of the current state of Brexit talks did little to suggest a quick resolution was in the offing.
"I don't expect an immediate breakthrough, but what I do hope is that we can start work as quickly as possible on the assurances that are necessary," May said.
EU leaders have repeatedly said they are not prepared to renegotiate the withdrawal agreement, leaving May with uphill battle to convince them otherwise.
USD/CAD fell 0.08% to C$1.3339, while USD/JPY rose 0.26% to Y113.59.
-- Reuters contributed to this report.
Related Articles
Comments (1)
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.