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Euro rises to 4-month high

Euro rises to four-month high as US dollar struggles again

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 Wall Street Journal · 1d

Dollar Hits Lowest in Nearly Four Months, While Euro and Yen Rally

A pullback in the dollar accelerated Wednesday, as two of its biggest counterparts, the euro and the Japanese yen, surged. The WSJ Dollar Index recently stood 0.65% lower at 99.81. That put the index on course for its lowest close since Nov.

Bloomberg L.P. · 3h

Euro’s Rally Vindicates Banks Betting Against Parity With Dollar

The euro’s surge is vindicating the handful of strategists who argued against calls for the single currency to fall to parity with the dollar.

Euro, ECB

The Wall Street Journal · 1h

Euro, Bond Yields Edge Higher After ECB Rate Decision

The euro edged higher after the European Central Bank cut interest rates but signaled it could move cautiously with further easing. The euro rose 0.3% to $1.082. It had been flat

Reuters on MSN · 2h

ECB cuts rates again, euro rallies

The European Central Bank cut interest rates as expected on Thursday and kept the door ajar to more, even as a looming trade war with the U.S. and plans to boost military spending drive Europe's biggest economic policy upheaval in decades.

Seeking Alpha · 2h

ECB Expected To Cut Rates: What It Means For The Euro And Markets

A 25 basis point cut to the ECB deposit facility rate is widely anticipated, marking the seventh cut in the current cycle. Click to read.

Euro has ‘clear path’ towards greater reserve currency use, says Eurogroup president

The euro has a “clear path” to bolster its position as a global reserve currency to rival the US dollar and must take advantage of the huge opportunities it now faces, according to the president of ...

Poor retail sales data highlight euro zone's consumption slump

Euro zone retail sales unexpectedly dipped in January, adding to signs that a long-predicted consumption-led recovery is not ...

Global Strategists Emboldened to Go Long Euro on Defense Fund

Some global strategists are recommending going long the euro against greenback, citing an improved outlook for the common ...

Dollar index erases postelection gains as global bond selloff boosts euro

A key gauge of the dollar's value compared to several of its biggest rivals slumped to a four-month low on Thursday as the greenback erased nearly all of its gains since the Nov. 5 U.S. election, ...