Euro rises to session high on ECB Nowotny's comments
LONDON May 3 (Reuters) - The euro rose to a session high against the dollar on Friday after European Central Bank policymaker Ewald Nowotny said the market was over interpreting recent comments about possible negative interest rates.
The euro was up 0.3 percent on the day at $1.3102, climbing from around $1.3072 before the comments, although offers to sell at around $1.3115/20 are likely to check gains.
The single currency came under pressure on Thursday after ECB President Mario Draghi said the bank is technically ready for negative deposit rates and noted downside risks to the economy.
- Ferguson protest march marks two weeks since police shooting |
- Gaza gunmen execute 'collaborators'; mortar kills Israeli boy |
- Merkel says tightening Ukraine-Russian border is key to peace deal |
- U.S. says Russia must pull convoy from Ukraine or face more sanctions |
- U.S. hostage rescuers dropped from night sky: Syria activist