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WorldPosted at: Jun 27 2017 3:35PM


Euro surges on Draghi comments, dollar slips

By Ritvik Carvalho
LONDON, Jun 27 (Reuters) The euro surged to its highest in over a week against the dollar on Tuesday after European Central Bank President Mario Draghi said factors weighing on inflation in the euro zone were mainly temporary and the Bank could look through them.
Speaking at the ECB's annual policy forum at Sintra in Portugal, Draghi highlighted a recovering euro zone economy and said that deflationary forces had been replaced with inflationary ones, but added that stimulus in the form of the ECB's monetary support was still needed.
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Tags: #Euro surges on Draghi comments# dollar slips
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