Euro Rises After ECB Keeps Rates Unchanged

NEW YORK (AP) -- The euro is rising against the dollar after the European Central Bank left its benchmark interest rate unchanged at a record low 0.75 percent.

ECB President Mario Draghi says that all members of the central bank's policy committee agreed to keep rates unchanged. He also says he expects the economy in the 17-country bloc that uses the euro to recover in late 2013.

The euro rose to $1.3236 in afternoon trading from $1.3053 late Wednesday.

The British pound rose to $1.6137 from $1.6016.

The dollar fell to 0.9144 Swiss franc from 0.9260 Swiss franc.

The dollar rose to 88.15 Japanese yen from 87.75 Japanese yen.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2189626, ~/Articles/ArticleHandler.aspx, 8/23/2014 9:25:12 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement