Euro hits 7-week high after Fed shows willing to give more QE
NEW YORK |
NEW YORK Aug 22 (Reuters) - The euro surged to a fresh seven-week high on Wednesday after minutes from the most recent U.S. Federal Reserve meeting showed a willingness to deliver more monetary stimulus, "fairly soon," unless the economy improves considerably.
The euro hit $1.2517, its best level against the greenback since July 5 before dipping back to $1.2500, still up 0.25 percent on the day, according to Reuters data.
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