Wednesday, 08 July 2020
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Dollar, Euro Little Changed; Lagarde Tapped to Head ECB
Wednesday, 3 July 2019 13:12 WIB | CURRENCIES |DOLLARCurrency Euro

The U.S. dollar and the Euro were both little changed on Wednesday in Asia. Reports that the International Monetary Fund (IMF) chief Christine Lagarde is nominated to lead the European Central Bank (ECB) received some attention.

The U.S. dollar index that tracks the greenback against a basket of other currencies traded near flat at 96.282.

U.S. President Donald Trump said he is planning to nominate Christopher Waller, the executive vice president at the Federal Reserve Bank of St. Louis, and Judy Shelton, an economic adviser to the president during his 2016 campaign, to the Federal Reserve's board.

The EUR/USD pair was little changed at 1.1287. The common currency slipped earlier in the day after reports that Lagarde is set to swap the helm of the IMF for that of the ECB. She would succeed Mario Draghi when his eight-year term ends in October, according to reports.

Source : Investing.com

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