Dollar stands firm as ECB pushes euro to 3 month lows

The dollar maintained its strength on Friday poised for weekly gains as the euro fell to three month lows following the European Central Bank extension of its bond purchases and, consequently, decreased chances that it would raise interest rates in 2018.

The ECB extended its bond buying plans up to September 2018. In January, it will reduce its monthly purchases by half to 30 billion euro.

The euro went down 0.1 percent closing at $1.1631, its lowest point since July 26.

The dollar rose by 0.1 percent against its Japanese counterpart closing at 114.12 yen. The dollar index gained 0.2 percent climbing to 94.769 hitting three month highs. From a weekly perspective, the index went higher by 1.1 percent.

British pounds fell by 0.3 percent to $1.3128. Investors are skeptical regarding the Bank of England's willingness to raise interest rate in its next meeting on November 2.

Asian shares increase following the upbeat earnings from U.S. major tech companies

On Friday, Asian shares went higher following the sharp rises recorded in Wall Street's technological stocks. Microsoft (MSFT.O), Alphabet (GOOG.O) and Amazon.com (AMZN.O) surged by 4.5 percent, 2.8 percent and 7.6 percent respectively on account of positive earnings reports.

Nikkei 225 climbed by 0.6 percent. South Korea’s Kospi gained 0.2 percent. MSCI’s largest index of Asia-Pacific shares out of Japan remained flat.

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