The euro currency strengthened to a five-week high against the U.S. dollar Thursday after European Central Bank President Mario Draghi kept interest rate targets unchanged and gave no indication that the ECB will loosen its monetary policy further, Bloomberg reports.
“There’s nothing that’s happened today to give the impression euro-dollar is going to go down,” Kit Juckes, global strategist at Societe Generale SA, said in the article. “All that can happen is a really big payroll number tomorrow or something like that from the states. That’s all that could change it at all.”
The CurrencyShares Euro Trust (NYSEArca: FXE) rose 0.6% Thursday while the euro appreciated 0.5% to $1.3665 after touching $1.3674.
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Max Chen contributed to this article.