Following a bullish opening to the week, EUR/USD climbed to its highest level in over two weeks above 1.0770 on Monday.
EUR/USD declines toward 1.0700 in the European session on Thursday. The technical outlook points to a loss of bullish momentum. ECB President Lagarde and Fed Chairman Powell will speak on policy later in the day. The pair, however, lost its momentum and declined below 1.0750. Euro PRICE Today The table below shows the percentage change of Euro against listed major currencies today. Euro was the weakest against the Canadian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.25% 0.16% 0.10% -0.02% 0.
Central banks FAQs What does a central bank do? Central Banks have a key mandate which is making sure that there is price stability in a country or region. Economies are constantly facing inflation or deflation when prices for certain goods and services are fluctuating. Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate.
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