Euro clings to $1.13 as ECB stimulus signal awaited 5:28am EST [Reuters]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Reuters
Euro clings to $1.13 as ECB stimulus signal awaited | Reuters 3 Min Read LONDON (Reuters) - The euro paused just off three-week lows versus the dollar on Thursday’s European Central Bank’s meeting, which many hope will signal fresh stimulus for the economy and inject some life into currencies stuck in trading ranges. The euro/dollar exchange rate has had a very quiet start to 2019 as central banks have rowed back on monetary policy tightening plans in the face of slowing economic momentum. That has suppressed market volatility and left investors struggling to decide on direction. Analysts said expectations for the ECB to signal the launch of new cheap bank loans had largely been priced in, so focus would be on the bank’s economic forecasts and indications for whether it will further delay a rate hike the market expects in mid-2020. “The market has already priced in a lot. We don’t expect the ECB to make any changes but signal that changes are imminent,” said Thu Lan Nguyen, a currenci
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