Economic news

Euro steady as ECB considers interest rates hike in 2019

The euro extended gains on Tuesday on renewed bets for the European Central Bank to normalize its monetary policy this year and to increase interest rates around the mid-2019.

Photo: Reuters

The single currency, which gained 0.4 percent in the previous session, was firm at $1.2336.

The dollar index traded at 89.951, sliding from Monday’s intraday peak near 90.345.

The greenback advanced 0.2 percent to 106.32 yen, moving away from a 16-month trough of 105.24 yen touched in early March.

The pound was stable at $1.4024. On Monday, it jumped as high as $1.4088, its top since Feb. 16.

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