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Currency: Down, the euro fell 0.31% to $1.1949

15/03/2021
Categories: Economy/Forex

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Weakened by the measures taken by the European Central Bank (ECB), the euro is falling as yields on US Treasuries rose. The European currency fell 0.31% to $1.1949.

The measures taken by the European Central Bank (ECB) to lower rates on the bond market are pushing the euro back against the dollar.

Around 9 p.m., the euro fell 0.31% to $1.1949. The greenback was also up against other currencies, with the dollar index rising 0.27%.

Currency traders were digesting the ECB meeting the day before, which was a little more agitated than expected: if the institution did not touch its monetary policy, or change the final date and amount of its asset purchase program, the pace of the latter will be accelerated.

"A rise in yields invariably leads to a strengthening of the greenback," said Ricardo Evangelista, an analyst at ActivTrades.

The Pound Sterling also fell by 0.5% against the $, to 1.3920%, despite a return on the 'Gilts' which swerved nearly +10Pts base at 0.83% and which return to the piter levels tested on February 26 (0.835%).

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