Euro In Positive Territory After Lagarde's Remarks
19 Janvier 2023 - 11:44AM
RTTF2
The euro was higher against its major counterparts in the
European session on Thursday, as European Central Bank President
Christine Lagarde affirmed that the central bank will keep raising
interest rates to rein in inflation.
Speaking at a panel at the World Economic Forum in Davos,
Switzerland, Lagarde reiterated that the ECB is determined to bring
down inflation to 2 percent target and would move ahead with more
interest rate hikes.
"We shall stay the course until such time when we have moved
into restrictive territory for long enough so that we can return
inflation to 2% in a timely manner," Lagarde said.
Data from the European Central Bank showed that euro area
current account balance turned to a surplus for the first time in
nine months in November, underpinned by the improvement in foreign
trade.
The current account surplus for November was EUR 14 billion,
versus a EUR 1.0 billion shortfall in October.
The euro rose to 1.0838 against the greenback around 5:30 am ET,
but it has since eased to 1.0796. At yesterday's trading close, the
pair was quoted at 1.0794.
The euro advanced to 139.43 against the yen, off an early fresh
2-week low of 137.91. Against the franc, it edged up to 0.9932. The
euro is seen finding resistance around 141.00 against the yen and
1.05 against the franc.
The euro climbed to 0.8787 against the pound, from an early
multi-week low of 0.8733. Next key resistance for the currency is
seen around the 0.89 level.
The euro touched 1.4640 against the loonie, its highest level in
more than a year. The currency is likely to find resistance around
the 1.48 level.
Extending its previous session's rally, the euro appreciated to
a 3-day high of 1.6984 against the kiwi and near a 3-week high of
1.5750 against the aussie. The currency is poised to find
resistance around 1.73 against the kiwi and 1.61 against the
aussie.
Euro vs Sterling (FX:EURGBP)
Graphique Historique de la Devise
De Nov 2023 à Déc 2023
Euro vs Sterling (FX:EURGBP)
Graphique Historique de la Devise
De Déc 2022 à Déc 2023