The euro slipped to a two-month low on Wednesday, as markets waited to gauge the...
TOKYO - The euro slipped to a two-month low on Wednesday, as markets waited to gauge the European Central Bank’s stance on policy amid bubbling expectations that it could eventually lower interest rates and join the global easing trend.
The ECB holds a policy meeting on Thursday. Market expectations for the central bank to cut rates by 10 basis points have ebbed somewhat, but the central bank is still hoped to provide dovish guidance, paving the way for easing in September. “The key point is not necessarily whether the ECB eases this week or not, but what kind of language Draghi employs regarding policy direction.”
U.S. Trade Representative Robert Lighthizer and senior U.S. officials will travel to Shanghai on Monday for face-to-face trade meetings with Chinese officials, Bloomberg reported on Tuesday, citing unnamed sources.
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