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2017.07.2023:23:00UTC+00Euro Stands at 2-Year Peak After Draghi Comments

The euro held near two-year peaks versus the dollar on Friday after European Central Bank President Mario Draghi said policy makers will discuss changing its bond purchasing programme in the autumn.

Investors took Draghi's comments on Thursday as confirming expectations that the talks will lead to monetary tightening in 2018.

The euro stood at $1.1630, holding firm to its one percent gain on Thursday, its largest since June 27, when Draghi initially fueled expectations that the ECB will wind back its bond buying scheme.

The dollar's index with a basket of major currencies hit its lowest level since August on Thursday.

Against the yen, the dollar touched a three-week low of 111.48 yen on Thursday. Bank of Japan Governor Haruhiko Kuroda did not drop any hints of following other central banks in curtailing several years of stimulus. It last stood at 111.87 yen.



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