The dollar hit a four-year high and oil hovered near a two-year low on Thursday, as investors wagered the United States will be one of the few economies healthy enough to wean itself off of central bank aid in the near future. Share markets in Europe started with small gains as Britain and France debated joining U.S.-led military action against Islamist militants and as the euro sank to a 22-month low on bets the ECB will need a major stimulus effort. Its President Mario Draghi reiterated in a newspaper interview again on Thursday there was more the ECB can do if necessary. "ECB President Mario Draghi continues to beat the QE (quantitative easing) drums ... so hardly surprising that euro/dollar is trading at even lower levels this morning," said Esther Reichelt, a currency strategist at Commerzbank,"
via Business News http://ift.tt/1mYXHfy
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