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as mentioned in
Euro hits three-week high on report ECB discussed rate hike before QE end
The U.S. payrolls report showed employers added 235,000 jobs last month, beating expectations of 190,000.
The euro rose as high as $1.0677 against the dollar, its strongest since Feb. 16.
REUTERS/Leonhard FoegerNEW YORK The euro jumped to a three-week high against the dollar on Friday after a report that the European Central Bank had discussed the possibility of raising interest rates before the end of its quantitative easing programme.
The index had sunk earlier after the release of the February U.S. non-farm payrolls report that showed wages rose less than expected.
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.
as mentioned in
CEE MARKETS-Forex, bonds ease as markets price in ECB rate hike within a year
Nevertheless, U.S. labour market figures due at 1330 GMT are unlikely to weaken central European asset prices further even if they underpin the prospect of Fed hikes, one Budapest-based fixed income trader said.
Central European assets have been buoyed by the region’s healthy economic growth outlook and loose monetary policies, also helped by the ECB’s low interest rates and asset buying.
The ECB did not signal cuts in asset buying after its meeting on Thursday, but after its optimistic comments on the economy, money markets priced in an ECB rate hike by March 2018.
The leu traded near the nine-month low of 4.555 it touched after the ECB news conference.
A poll of analysts projected on Thursday some rise in Romanian interest rates by the end of 2017.
collected by :kiven Dixter