Euro and Canadian Dollar Fall Before Central Bank Meetings
Tuesday, 5 March 2019 16:01 WIB | CURRENCIES | Euro

The euro fell towards a one-week low on Tuesday as the dollar gained broadly and investors began pricing in more caution from the European Central Bank at its meeting on Thursday.

The ECB is facing growing pressure to address the question of how to protect the euro zone economy from a protracted slowdown.

Expectations that the central bank will delay hiking interest rates until next year and soon re-launch long-term loans to banks have put pressure on the euro, which has fallen 1.2 percent against the dollar this year.

The euro dipped 0.2 percent to $1.1318. It had brushed a 7-day low of $1.1309 on Monday.

Source : Reuters

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