Euro falls before ECB meeting as Portuguese yields climb

The euro traded 0.6% from its weakest in more than a month before the ECB meets today following recent comments from President Mario Draghi that monetary policy will stay accommodative.

4th July, 2013
The euro approached a one month low this morning.

The euro traded 0.6 per cent from its weakest in more than a month before the European Central Bank meets today following recent comments from President Mario Draghi that monetary policy will stay accommodative.

The currency fell for a second day against the yen after Portugal’s bonds slumped and two of the nation’s ministers resigned, reigniting concern Europe’s sovereign-debt crisis is worsening.

The euro lost 0.1 percent to $1.2999 as...

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