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Jan 24, 2019

EU FX I Currencies: Dollar rises vs euro as ECB's Draghi warns on downside risks

Spriha Srivastava

Reusable dollar euro forex
Dan Kitwood | Getty Images
The dollar rose to a more than five-week high against the euro after European Central Bank President Mario Draghi said economic risks have moved to the downside and near-term data is likely to be weaker than previously anticipated.
On Thursday, the ECB left its policy stance unchanged as expected, keeping a rate hike later this year on the table even as the euro zone economy suffers its biggest slowdown in half a decade.
The euro was last 0.71 percent lower against the dollar at $1.1299 after falling as low as $1.1308, its weakest since Dec. 17.
The dollar index, which tracks the greenback versus the euro, yen, sterling and three other currencies, was last up 0.48 percent at 96.58.

Source: CNBC

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