211

Greenback hovers at fresh 7-month peaks vs. other majors

On Friday, the evergreen buck was hovering at fresh seven-month peaks against the other major currencies, as comments by ECB President Mario Draghi weighed on the common currency and sustained hopes for a 2016 American rate lift backed the greenback.

The currency pair EUR/USD dropped 0.16% to a seven-month low of 1.0896.

The single currency weakened greatly after on Thursday ECB President Mario Draghi told that an adjustment to the bank’s stimulus program kicked in already in December, adding that its assessment would derive benefits from new economic projections to be drawn up by the bank’s orecasters.

The comments arose after the ECB left interest rates intact at record minimums of zero earlier Thursday and also kept the deposit facility rate at about -0.4%.

The currency pair GBP/USD stood still, being worth 1.2249.

Meanwhile, USD/JPY remained intact too, trading at 103.91.

Earlier on Friday, Bank of Japan Governor Haruhiko Kuroda informed that the BOJ might push back the timing to meet its inflation objective. 

Scroll to top