Euro suffers losses after European Central Bank bond-buying decision

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EUR CHF – 240 min Chart

This comes after the European Central Bank announced in October past year plans to halve its programme to €30bn a month of bond purchases with the scheme ending in September 2018 "or longer, if necessary".

Asian shares wobbled on Friday as investors braced for United States tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

The biggest complication could be a murky economic outlook, muddied by the developing trade war, a populist challenge from Italy's new government and softening export demand.

US stocks mostly rose Thursday, as markets get accustomed to the idea of investing with less of a safety net from central banks around the world. The yen, a perceived safe haven often sought in times of geopolitical tensions and market turmoil, had touched a more than three-week low against the greenback earlier in the session.

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The euro recovered some ground against the dollar, a day after the European Central Bank signaled it would keep interest rates at record lows into the summer of 2019, prompting the common currency to fall almost 2 percent drop.

Euro Zone bond investors responded immediately to the dovish response by the European Central Bank, cutting the chance of a 10 basis point rate hike by July 2019 from 80 percent before the meeting to just 30 percent by the close of the session.

Societe Generale macro strategist Kit Juckes said he foresaw further pain for the euro in the near-term. U.S. President Donald Trump was planning to meet with trade advisers later to decide whether to activate the tariffs, a senior administration official said on Wednesday. He added that longer-term inflation expectations were "well anchored" towards the bank's target of just below 2%.

"These opposing views should see interest rates diverging more between the two most powerful central banks in the US's favour which should continue to lend support to the dollar". The Dow Jones industrial average slipped 25.89, or 0.1 percent, to 25,175.31, and the Nasdaq composite rose 65.34, or 0.8 percent, to 7,761.04, a record.

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The suspension was supported by the other members of the group, including the US, Canada, Japan and four European nations. Pakistani President Mamnoon Hussain and the prime minister of arch-rival India, Narendra Modi, are also in attendance.

The central bank has undertaken an unprecedented programme of stimulus since the eurozone debt crisis.

The Asia Pacific MSCI index ex-Japan edged down 0.3 percent and was set for a weekly loss of more than 1 percent.

Canada is also contending with new U.S. tariffs on steel and aluminium imports as well as slow-moving talks to modernise the North American Free Trade Agreement.

Oil prices were down, facing pressure from evidence of rising USA output and uncertainty over supply, before a meeting next week of the world's largest exporters.

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The CSKA Moscow playmaker was fantastic through, laying on two assists with pinpoint crosses either side of half time. On the break Zobnin drove forward and his shot was parried clumsily by Al-Mayoof as Saudi Arabia cleared the danger.

West Texas Intermediate (WTI) crude oil futures were up 0.2 per cent at US$67.02 per barrel, while Brent was at US$76.02.

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