The euro flipped into positive territory during the European Central Bank’s news conference on Thursday, as ECB President Mario Draghi said the economy was expanding at a robust pace. Versus the U.S. dollar, the euro jumped to a new high since December 2014, last buying $1.2495. The shared currency defended the move even as Draghi said volatility in foreign-exchange markets warranted monitoring. The ECB left its monetary policy unchanged earlier and reiterated that interest rates will remain low for a prolonged period of time. The euro also turned positive versus the British pound , strengthening 0.2% to £0.8732, and the Japanese yen , up 0.3% at ¥135.92
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News