AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,980 Increased By 95.9 (0.97%)
BR30 31,089 Increased By 489.1 (1.6%)
KSE100 94,034 Increased By 678.2 (0.73%)
KSE30 29,137 Increased By 206.5 (0.71%)

imageNEW YORK: The euro fell on Monday against the dollar and the Japanese yen, ahead of a European Central Bank meeting later this week.

The ECB meeting on Thursday comes amid continued concerns at the low level of inflation in the eurozone.

Christopher Vecchio, currency analyst at DailyFX, predicted a cautious tone about eurozone economic conditions in spite of some improving data.

"Soft inflation expectations are dogging the euro in the near-term," Vecchio said.

ECB likely will not announce new stimulus measures, but fresh statements suggesting the need soon for such measures could drive the currency lower, he said.

"The ECB meeting this week, then, absent of any real action, will at least bring along with it a rather dovish slant from Governor Mario Draghi at the post-meeting press conference," Vecchio said.

Kathy Lien, managing director at BK Asset Management, said ECB chief Draghi and other policy makers will "maintain a dovish bias and continue to talk about the need for additional stimulus."

Draghi could also touch on the eurozone's banking troubles after Portugal enacted a 5.0 billion euro rescue package for Banco Espirito Santo, Lien said.

"Investors are not convinced that this will be the end of Europe's banking troubles," she wrote.

Comments

Comments are closed.