{"id":50864,"date":"2021-09-16T02:55:01","date_gmt":"2021-09-15T22:55:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=50864"},"modified":"2021-09-16T02:55:07","modified_gmt":"2021-09-15T22:55:07","slug":"euro-closes-higher-on-positive-comments","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/euro-closes-higher-on-positive-comments\/09\/16\/market-updates\/forex-markets\/","title":{"rendered":"Euro closes higher on positive comments"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Euro benefited, Wednesday, from a boost due to the USD\u2019s weakness after positive comments on inflation by the European Central Bank\u2019s chief economist.<br>Euro\/USD rose to 1.1814 compared to 1.1804, on Tuesday. The pair fell to a trading day low of 1.1799 versus a high of 1.1832.<br>&#8220;The pandemic emergency asset purchase program is not indicative of our monetary policy stance,&#8221; said Philip Lane, chief economist of ECB.  <br>Lane stressed that the yield is still low, hailing easing measures taken by ECB that he sees as a catalyst of inflationary pressures reflected in recent readings regarding ex-food and energy prices in the Eurozone.<br>Lane also suggested that the ECB&#8217;s future guidance would imply that transitional factors are behind sharp increase of inflation to levels slightly above the official target.<br>Lane said investors should look beyond the sheer volume of asset purchases just a few days after officials decided to slow down buying in the fourth quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro benefited, Wednesday, from a boost due to the USD\u2019s weakness after positive comments on inflation by the European Central Bank\u2019s chief economist.Euro\/USD rose to 1.1814 compared to 1.1804, on Tuesday. The pair fell to a trading day low of 1.1799 versus a high of 1.1832.&#8220;The pandemic emergency asset purchase program is not indicative of &hellip;<\/p>\n","protected":false},"author":13,"featured_media":48601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37],"tags":[6923,6928,6837,6987,7439,7440],"class_list":["post-50864","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","tag-ecb","tag-euro","tag-eurozone","tag-inflation","tag-puilip-lane","tag-transitional"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=50864"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50864\/revisions"}],"predecessor-version":[{"id":50871,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50864\/revisions\/50871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/48601"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=50864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}