Euro Extends Advance Versus Dollar After ECB Three-Year Cash Tops Forecast
The euro extended gains against the dollar and the yen after the European Central Bank awarded 489 billion euros ($645 billion) in 1,134-day loans to banks, more than the 293 billion euros forecast by economists.
The euro strengthened 0.8 percent to $1.3182 at 10:30 a.m. London time, and rose 0.5 percent against the yen to 102.43.
To contact the reporter on this story: Anchalee Worrachate in London at firstname.lastname@example.org
To contact the editor responsible for this story: Daniel Tilles at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.