iBankCoin
Joined Nov 11, 2007
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The Euro Continues to Show Strength Against Most Major Currencies

“The euro rose for a sixth day against the yen, the longest run of gains since March, on speculation European Central Bank President Mario Draghi will today provide more detail of the bond-purchase program announced last month.

The single currency gained versus all but two of its 16 major counterparts after the ECB kept its benchmark interest rate at a record-low 0.75 percent after a policy meeting today. The yen fell to a two-week low versus the dollar as the Bank of Japan started a two-day meeting. A measure of volatility among major currencies fell to the lowest level in almost five years.”

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