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14 May 2015
EUR/USD retreats from highs, Draghi talks about QE
FXStreet (Córdoba) - The US dollar managed to trim early losses versus the euro, dragging EUR/USD back below 1.1400 from a near 3-month high, although it remained broadly weaker on the day.
The dollar managed to recover ground after upbeat jobless claims data although gains was partially offset by lower-than-expected US producer prices numbers.
ECB President Mario Draghi comments added little pressure on the shared currency which was already sliding. Draghi said that unconventional measures have been potent so far and reiterated its pledge to implement quantitative easing program in full.
EUR/USD retreated from its highest level in almost 3 months scored earlier at 1.1444 and dropped to a session low of 1.1355 in recent dealings. At time of writing, the pair is trading at 1.1365, still 0.12% above its opening price.
The dollar managed to recover ground after upbeat jobless claims data although gains was partially offset by lower-than-expected US producer prices numbers.
ECB President Mario Draghi comments added little pressure on the shared currency which was already sliding. Draghi said that unconventional measures have been potent so far and reiterated its pledge to implement quantitative easing program in full.
EUR/USD retreated from its highest level in almost 3 months scored earlier at 1.1444 and dropped to a session low of 1.1355 in recent dealings. At time of writing, the pair is trading at 1.1365, still 0.12% above its opening price.