European stocks are up as ECB hints at rate cat, as does the US Fed
Global stocks are in a tight range ahead of the Fed’s policy meeting, with the dollar and pound both steady
18 June 2019 - 11:53
London — European shares rallied and the euro took a sharp hit on Tuesday in a knee-jerk reaction to European Central Bank (ECB) president Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases.
The euro fell 0.24% to $1.1191 as of 8.45am GMT after Draghi said the ECB will need to ease policy again, if inflation doesn’t head back to its targets, and that there is still “considerable headroom” to do it...
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