New York — The euro surged to approach a two-year high against the US dollar on Thursday after Europe’s central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn, while world equity markets headed for a 10th day of gains. Though European Central Bank (ECB) President Mario Draghi set no date for changes to the bond-buying plan and that officials were unanimous in their decision not to change their guidance on monetary policy, investors suspected the talks would lead to tightening next year. The euro was up 0.96% to $1.1624, and poised for its biggest single-day percentage gain in more than three weeks. "The marketplace is looking for a good potential for (ECB quantitative easing) reduction to start in September or at least to be announced in September," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. In equities, the pan-European FTSEurofirst 300 index lost 0.31%, while Wall Street’s main stock indexes treade...
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