Euro falls against dollar on ECB, Fed decisions

The euro rate on February 3 morning fell against the dollar after the decision on the discount rate of the European Central Bank (ECB), followed by an equally predictable decision by the US Federal Reserve System (FRS), Report informs referring to the auction data.

The euro against the dollar fell to $1.0893 from the previous close of $1.0910.

The dollar against the yen fell to 128.60 yen from 128.65 yen. The dollar index (the exchange rate against a basket of currencies of six US trading partners) is growing by 0.12%, to 101.87 points.

Foreign currency investors continue to evaluate the main economic events of the week. Thus, following the meeting on February 2, the ECB raised the discount rate by 0.5 percentage points to 3% per annum.

Prior to that, on February 1, the Fed raised its discount rate to 4.5-4.75% per annum.

All these decisions were predicted by analysts. Such a difference may induce some foreign currency players to give preference to the dollar.