Euro Heads For Worst Week In 19 Months On Ecbs Cautious Stance

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TOKYO – The euro was headed on Friday for its worst weekly loss in 19 months after a cautious European Central Bank signaled it will keep interest rates at record lows well into next year.

Following a closely-watched meeting on Thursday, the ECB said it will end its massive bond purchase scheme by the end of this year, taking its biggest step yet toward dismantling crisis-era stimulus.

The euro briefly spiked to a one-month high of $1.1853 EUR= following the announcement.




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