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© Reuters. Investing.com – The euro rose slightly against the US dollar after the European Central Bank (ECB) cut its main policy rate more negatively and announced the resumption of quantitative easing from November.
The last trading price was 1.1064 at 11:30 pm ET (03:30 GMT), up 0.1%.
During the night, the ECB announced a quantitative easing program worth 20 billion euros per month. The central bank also reduced its main deposit rate by 10 basis points to -0.5%, in line with market expectations.
US President Donald Trump took advantage of this news to criticize the Federal Reserve for not doing enough to support the US economy.
"They are trying and succeeding in depreciating the euro against the very strong dollar, which is hurting US exports … And the Fed sits, sits and sits. are paid to borrow money, while we pay interest! Trump said via Twitter.
At the same time, the pound received some support in the aftermath of a report that the European Union was ready to grant Brexit a further extension in the UK to prevent the country from leaving the bloc. without agreement.
Business Insider has published news of the potential deal, citing a draft European Parliament resolution that was the subject of a leak. British Prime Minister Boris Johnson has repeatedly stated that he was not willing to ask the EU for a new deadline for Brexit, while British lawmakers had passed a law aimed at to put an end to Brexit without negotiation.
The pair rose 0.1% to 1.2336.
On the Sino-US trade front, Bloomberg quoted people close to the issue and said that Trump administration officials were considering proposing to China a limited trade deal that would delay or even cancel some US tariffs.
The talks are preliminary and Trump has not yet agreed, noted Bloomberg. The president added that he preferred "to bring the whole agreement to an end," but that he did not foresee the possibility of an interim pact.
After the news, the Japanese yen hit a six-week low against the dollar. The was unchanged against the US dollar at 7.0774.
The pair rose 0.1% to 0.6868.
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