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Dollar rises ahead of ECB statement
27/04/2017
Direction Press / Agencies
The dollar rose against the euro on Thursday as investors recovered after it disappointed expectations about the tax plans announced by US President Donald Trump, while the Swedish krona fell sharply after the central bank pumped more money into the economy.
And it attracted attention to the euro, which was trading in limited ranges such as the European Central Bank's decision on interest rate, where traders will look for any tendency to restrict the bank's stimulus program later this year.
The dollar rose to the highest level in four weeks against the Japanese yen at 111.780 yen on Wednesday before the announcement of Trump's plans for tax reform but lost momentum after Trump's proposals failed to stir investor enthusiasm.
After recovering in Europe less than 0.1 fell to 98.987 yen by 1112 GMT.
The Swedish krona fell against the dollar and the euro after the Swedish central decision to keep the interest rate unchanged and the expansion of the bond purchase program by 15 billion crowns.
Currency fell one percent against the euro and the dollar to 9.6530 crowns per euro and 8.8526 crowns to the dollar.
The euro fell less than 0.1 percent against the dollar to $ 1.0898 after a busy jumping in it to the highest level in five and a half months to $ 1.0951 on Wednesday after the announcement of the result of the first round of the French presidential election at the weekend week and lowered projected on the single European currency risk .
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