The euro fell to a six-month low after the European Central Bank raised interest rates to a record high, but hinted that the move might be the last in its campaign of monetary tightening.
The euro traded as low as $1.0632 on Thursday after ECB policymakers announced their decision to increase interest rates by a quarter of a percentage point to a record high of 4 per cent. It was down 0.8 per cent to $1.0644 by the end of the New York trading day.
Europe’s region-wide Stoxx Europe 600 index closed the day 1.5 per cent higher, while France’s CAC 40 gained 1.2 per cent and Germany’s Dax rose 1 per cent.
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