The euro tumbled the
most in two months after a European Central Bank official said policy
makers plan to boost bond purchases before an anticipated mid-year lull.
The single currency
slumped after Executive Board member Benoit Coeure said the ECB will
increase purchases under its quantitative-easing program from 60 billion
euros ($67 billion) in May and June, ahead of a drop-off in market
liquidity. The euro extended losses versus the dollar after a report
showed residential construction in the U.S. surged in April to the
highest in more than seven years, supporting the Federal Reserve’s move
toward raising interest rates.
The euro dropped 1.6
percent to $1.1138 as of 1:03 p.m. in New York, the most since March 19.
It slipped 1 percent to 134.36 yen. The dollar rose 0.5 percent to
120.64 yen.
Source: Bloomberg
0 komentar :
Post a Comment