The euro is seen steadying on Friday following European Central Bank (ECB) executive board member Isabel Schnabel comments that we must be cautious not to adjust policy stance prematurely. Monetary policy needs to remain restrictive until we can be confident that inflation will sustainably return to our medium-term target, she added. Euro is staying slightly short of reclaiming $1.08 mark but coming off three-month lows touched during the week. EURUSD is currently trading at $1.0779, down marginally on the day. The Dollar coming off recent peaks following weaker than expected US retail sales data capped downside in the single common currency. The dollar index that measures the greenback against a basket of currencies recovered some lost ground and was trading at 104.27 today after having fallen over half a percent yesterday. The 10-year benchmark treasury yields also dipped to around 4.22%.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.