Home / banks / “Nasdaq Stock Market” declare : FOREX-Euro hits 3-week high on report ECB discussed rate hike before QE end

“Nasdaq Stock Market” declare : FOREX-Euro hits 3-week high on report ECB discussed rate hike before QE end

collected by :Ros Roger

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The U.S. payrolls report showed employers added 235,000 jobs last month, beating expectations of 190,000.
The index had sunk earlier after the release of the February U.S. non-farm payrolls report that showed wages rose less than expected.
[nL5N1GN4A1] The euro rose as high as $1.0677 against the dollar, its strongest since Feb. 16.
The greenback was little changed against the yen after touching a seven-week high of 115.50 yen.
Fed fund futures prices showed investors see a 93 percent chance of an increase in U.S. overnight interest rates this month, according to CME Group’s FedWatch tool.

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That tempered expectations for a spate of interest rate increases this year by the Federal Reserve.
The index had sunk earlier after the release of the February U.S. non-farm payrolls report that showed wages rose less than expected.
The U.S. payrolls report showed employers added 235,000 jobs last month, beating expectations of 190,000.
“It shows that the discussions (at the ECB) are leaning towards, ‘How do we get out of QE?’
(Reporting by Dion Rabouin and Gertrude Chavez-Dreyfuss; Editing by Dan Grebler)The euro rose as high as $1.0677

Euro hits 3-week high on report ECB discussed rate hike before QE end*/

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Sterling skids to eight-week low vs euro on news of ECB rate hike discussion

FILE PHOTO – Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016.
That left sterling on track for its weakest fortnightly performance against the euro in five months.
Sterling inched down 0.1 percent to $1.2154, having earlier hit an eight-week low of $1.2133.
Other numbers continue to suggest consumers, whose spending helped cushion the shock vote for Brexit last June, are turning more cautious.
Sources told Reuters that some ECB policymakers had raised the possibility of a rate hike before the end of QE, though the discussion was isolated and did not enjoy any broad support.

Sterling skids to eight-week low vs euro on news of ECB rate hike discussion*/

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