
Euro hits four-month high after ECB slashes interest rates to 2.5%, sixth rate reduction in nine months
The euro touched a four-month peak against the U.S. dollar on Thursday after the European Central Bank cut interest rates for the sixth time in nine months, as expected, but revised higher its near-term inflation forecast. The single European currency rose 0.5% to $1.0848, after earlier hitting a four-month high of $1.0854. The euro has...
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