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Back You are here: Home Trading Trading The Markets Currency & Options Euro Holds Gain Versus Peers Before ECB; Aussie Drops on Jobs

Euro Holds Gain Versus Peers Before ECB; Aussie Drops on Jobs

The euro held yesterday’s gain against most major peers before European Central Bank policy makers meet today amid speculation the region’s economy isn’t fragile enough to warrant an interest-rate cut.

The euro yesterday halted a five-day drop against nine developed market counterparts tracked by Bloomberg Correlation Weighted Indexes, with ECB President Mario Draghi scheduled to speak after the bank’s decision. A gauge of U.S dollar strength remained lower, after falling yesterday, before data that may show an expansion in U.S. gross domestic product slowed last quarter. Australia’s dollar dropped against its 16 major peers after employment rose less than economists predicted. Full story