Thursday, 25 July 2019 13:04 WIB |
CURRENCIES | Yen EuroDolar ASpound
The euro remained near 2-month lows against the U.S. dollar on Thursday in Asia ahead of the European Central Bank™s (ECB) policy meeting due later in the day.
The EUR/USD pair was little changed at 1.1136 by 1:04 AM ET (05:04 GMT).
Some traders expect dovish guidance from the central bank, which paves the way for easing in September.
The euro is now down about 2% in July on speculation of an ECB easing amid continuing concerns surrounding the Sino-U.S. trade war.
Meanwhile, data that showed Germany™s manufacturing sector contracted at the quickest pace in seven years and French™s business growth has unexpectedly slowed also sent the euro lower.
Meanwhile, the GBP/USD pair slipped but was off session lows. Boris Johnson on Tuesday won the contest to be the next British prime minister and raised concerns of a no-deal Brexit. The USD/JPY pair slipped 0.1% to 108.08.
Source : Investing.com