December 14, 2017 / 1:51 PM / 2 years ago

Euro, bond yields rise as ECB revises up growth forecasts

LONDON, Dec 14 (Reuters) - The euro strengthened and euro zone bond yields rose after the European Central Bank on Thursday revised its growth forecasts upwards.

The euro hit a nine-day high of $1.1863 as ECB President Mario Draghi set out the revision to the growth forecasts and said further growth surprises were possible.

Germany’s 10-year bond yield hit the day’s high and was up 3 basis points on the day at 0.34 percent at one point during his speech.

Euro zone stocks and blue-chips were little changed by the rise in the euro, trading down 0.3 to 0.4 percent, the levels they were at before Draghi began speaking. (Reporting by London Markets Team; editing by Dhara Ranasinghe)

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