(Due to the Good Friday vacation on Friday April 15 there will probably be no FOREX reviews.) * Euro falls to one-month low towards sterling * Dollar index hits two-year excessive on retail gross sales knowledge * ECB confirms plans to chop bond purchases in third quarter By Hannah Lang April 14 (Reuters) - The euro plunged to a two-year low towards the U.S. dollar on Thursday as feedback from European Central Bank President Christine Lagarde have been seen as an indication that the ECB was in no rush to increase rates of interest, in distinction with an aggressive financial coverage tightening effort by the U.S. Federal Reserve. The European single forex fell to $1.0758, the bottom stage since April 2020. It was final down 0.57% at $1.0823. Lagarde stated there was no clear timeframe for when charges would begin to rise, including that it might be weeks and even a number of months after the tip of the ECB's stimulus scheme. "We'll cope with rates of interest once we get there," she added. The ECB on Thursday concluded its newest assembly with cautious steps to unwind help and averted a laborious schedule. It confirmed plans to chop bond purchases, generally identified as quantitative easing, this quarter, then finish them in some unspecified time in the future within the third quarter. Against sterling, the euro slid to a one-month low and was final down 0.34% at 82.74 pence. Lagarde's feedback have been in stark distinction to these of Fed Chair Jerome Powell, stated Joseph Trevisani, senior analyst at FXStreet.com. “They may have taken a guide from what Jerome Powell has finished, and that's to be aggressive rhetorically. Ms. Lagarde didn't appear disposed to try this. She was extra involved apparently, and possibly understandably, in regards to the Ukraine conflict and its influence on Europe," he stated. In addition to pushing up gasoline costs, the Russia-Ukraine conflict, now in its second month, has led to a world surge in meals costs as Russia and Ukraine are main exporters of commodities together with wheat and sunflower oil. "Frankly, given how unsure situations are in the mean time, Lagarde's warning might be justified, nevertheless it is honest to say that markets have been anticipating a bit extra sprinkle after the eventful March assembly," stated Ima Sammani, FX market analyst at Monex Europe. In late afternoon buying and selling, the dollar index, which measures the buck towards six friends, rose 0.534% to 100.32 after earlier hitting 100.76, the best stage since April 2020. The dollar prolonged positive factors after knowledge confirmed U.S. retail gross sales elevated in March, principally boosted by larger gasoline and meals costs. The battered yen noticed some respite, making a small restoration from a 20-year low hit towards the dollar. In afternoon buying and selling, it weakened 0.23% versus the buck at 125.93 per dollar. More than three-quarters of Japanese corporations say the yen has declined to the purpose of being detrimental to their enterprise, a Reuters ballot discovered. Other central banks tightened financial coverage, reinforcing expectations of upper rates of interest globally. The Bank of Korea shocked markets with a charge hike, whereas the Monetary Authority of Singapore additionally tightened coverage, sending the Singapore dollar to its highest stage since February. On Wednesday, the Bank of Canada and the Reserve Bank of New Zealand each raised charges by 50 foundation factors, the most important hike for every in round 20 years. Bitcoin final fell 3.09% to $39,968.59. ======================================================== Currency bid costs at 2:15PM (1815 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 100.2900 99.7870 +0.51% 4.837% +100.7600 +99.5670 Euro/Dollar $1.0828 $1.0893 -0.59% -4.75% +$1.0924 +$1.0758 Dollar/Yen 125.9300 125.6600 +0.22% +9.40% +126.0100 +125.0950 Euro/Yen 136.37 136.83 -0.34% +4.64% +136.9300 +135.5300 Dollar/Swiss 0.9427 0.9347 +0.88% +3.37% +0.9433 +0.9324 Sterling/Dollar $1.3082 $1.3117 -0.28% -3.28% +$1.3147 +$1.3034 Dollar/Canadian 1.2590 1.2564 +0.20% -0.43% +1.2641 +1.2522 Aussie/Dollar $0.7423 $0.7453 -0.40% +2.12% +$0.7468 +$0.7397 Euro/Swiss 1.0207 1.0180 +0.27% -1.56% +1.0213 +1.0140 Euro/Sterling 0.8275 0.8302 -0.33% -1.49% +0.8314 +0.8251 NZ $0.6789 $0.6798 -0.14% -0.82% +$0.6834 +$0.6768 Dollar/Dollar Dollar/Norway 8.7765 8.7565 +0.74% +0.14% +8.8330 +8.7380 Euro/Norway 9.5026 9.5206 -0.19% -5.10% +9.5624 +9.4912 Dollar/Sweden 9.5163 9.4714 -0.12% +5.53% +9.5755 +9.4191 Euro/Sweden 10.3052 10.3173 -0.12% +0.70% +10.3266 +10.2789 (Reporting by Hannah Lang; extra reporting by Joice Alves; Editing by Nick Macfie, Chizu Nomiyama, Jan Harvey and Leslie Adler)