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Euro Falls But Recovers After ECB Movement

September 7, 2014 0 Comments

The euro briefly fell Thursday afternoon to below $ 1.30, the lowest in more than a year, after what the president of the European Central Bank Mario Draghi announced that the ECB would proceed to purchase assets.

At 2:47 p.m., the euro is trading at 1.3016 dollar after falling to 1.2997 dollar a few minutes earlier, the lowest since mid-July 2013 The European currency was trading at 1.3150 dollar more in the morning.

The words of Mario Draghi also benefit Scholarships eurozone, the Paris CAC 40 index taking 1.37% instead of 0.62% Frankfurt, Milan and Madrid 1.62% 1.32%. The Euro Stoxx 50 index, which includes the principal values ​​of the euro zone, ahead 1.34%, against a gain of 1% before the start of the press conference from Mario Draghi.

European shares were returned to higher at midday after a Reuters information that a project to launch a program to buy back shares up to € 500 billion had been discussed by the Board of Governors ECB during its monetary policy meeting on Thursday.

European shares had subsequently experienced a first acceleration following the decision of the ECB to cut rates.

Filed in: Euro Forecast

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