EURUSD Climbed at 1.18 Amid Hawkish ECB and Weaker US Dollar

Thursday, 07/06/2018 | 09:10 GMT

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EURUSD climbed at 1.18 in early Thursday’s European trading session amid expectations for ECB to exit the QE program this year and the weakness of the US dollar due to trade war worries.

The Euro had a 2-days rally after the confirmation from ECB chief economist Peter Praet that the European Central Bank will discuss the end of the QE program during the next meeting at June 14.

In addition, Bundesbank’s president Jen Weidmann also confirm the market expectations of the end of the QE program by the end of 2018, as the EU inflation is expected to gradually return to 2% ECB target.

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Source: https://www.exclusivecapital.com/eurusd-climbed-at-1-18-amid-hawkish-ecb-and-weaker-us-dollar/

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