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.

Recent News

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com

Gold stocks mixed on moderate metal gain, flat equities

July 14, 2025 / www.canadianminingreport.com

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok