Economic news

Euro surges ahead of ECB meeting

The euro inched up on Monday as investors awaited the European Central Bank’s policy meeting on Thursday for when and how it would end asset purchases year-end, while moderating market anticipations for an increase in interest rates soon.

Photo: Reuters

The common currency advanced 0.25 percent to $1.1801, climbing to a two-week peak of $1.1840 hit on Thursday.

The dollar index sank 0.1 percent to 93.470 .DXY.

The yen slipped 0.2 percent to 109.77 a dollar, ahead of summit meeting between President Donald Trump and North Korean leader Kim Jong Un.

The Canadian dollar dropped 0.3 percent to C$1.2960.


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