Euro briefly spikes after ECB minutes

By Kitco News / February 22, 2018 / www.kitco.com / Article Link

LONDON, Feb 22 (Reuters) - The euro reversed a brief spike on Thursday and was flat on the day after minutes from a European Central Bank meeting last month showed policymakers felt it was too early to change their communication stance to signal a policy shift.

The single currency was flat on the day after briefly rising 0.2 percent to the day's highs at $1.23085.

Discussion over tweaking the bank's stance could still start early this year but policymakers concluded the bank needed to avoid abrupt adjustments and to keep a close eye on the euro's firming, according to the minutes. European bonds and stocks were broadly unmoved by the minutes.


(Reporting by Saikat Chatterjee; Editing by Dhara Ranasinghe)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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