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The euro inched up against the U.S. dollar after ECB announcement

Updated: 13 September 2019 | 04:07 AM

 

The EUR/USD pair traded at 1.1064 by 11:30 PM ET (03:30 GMT)up 0.1 percent.The ECB declared immediately a qualitative easing program that involves 20 billion euros a month. 

U.S. President Donald Trump employed the chances to accuse the Federal Reserve of not doing enough to encourage the U.S. market."They're trying, and success, in depreciating the Euro from the exact strong Dollar, damaging U.S. exports.  Along with the Fed sits and, sits and sits.  They have paid to borrow money, while we're paying attention, "  Trump said through Twitter.

The pound obtained some aid overnight on the rear of a report which stated the European Union is ready to grant the following Brexit expansion to the U.K. to stop the nation from departing the bloc without bargain. Company Insider printed news of the possible deal, citing a leaked European Parliament draft settlement. 

U.K. Prime Minister Boris Johnson has stated several times he isn't keen to ask the EU for a further delay to Brexit, despite U.K. lawmakers passing a law to prevent a no-deal Brexit. The GBP/USD pair inched up 0.1percent to 1.2336. About the Sino-U.S. trade entrance, Bloomberg cited people knowledgeable about the issue and noted that the Trump government officials are thinking to supply a limited trade arrangement to China that could delay and also roll back several U.S. tariffs.

The talks are preliminary, and Trump has to register on it,'' Bloomberg noted.  The president added he would choose to"receive the entire deal completed," but didn't rule the possibility of an interim pact. The safe-haven Japanese yen was trapped close to a six-week low versus the dollar after the information.  The AUD/USD pair inched up 0.1percent to 0.6868.

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