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Euro inches higher ahead of ECB decision on bond buying

Mount Equity Group Tokyo, Japan > News > Markets > Euro inches higher ahead of ECB decision on bond buying
  • ECB decision due at 1145 GMT, news conference at 1230 GMT
  • Swiss franc, yen gain as investors dump risk assets
  • Dollar holds firm, close to two-week high
  • Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

LONDON, Sept 9 (Reuters) – The euro edged higher on Thursday before an expected reduction in the pace of the European Central Bank’s bond buying, while the dollar held to recent gains as concerns about the global economy sent traders into currencies deemed safer.

The euro rose 0.1% to $1.1825 following a three-day retreat from Friday’s two-month high of $1.1909.

The dollar index was marginally lower at 92.644 , after three consecutive days of rises.

The ECB holds a policy meeting on Thursday at which it is expected to announce a trimming of the pace of its asset purchases, taking a token step towards unwinding the emergency economic aid it has put in place during the pandemic. read more

Analysts polled by Reuters see bond buying under its…

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