Euro drops to 1-1/2 month low versus buoyant dollar
LONDON, Sept 3
LONDON, Sept 3 (Reuters) - The euro fell to a 1-1/2 month low against the dollar on Tuesday, weighed by expectations that the European Central Bank will reiterate its pledge to keep rates low to ensure an economic recovery is sustained.
The ECB's rate-setting committee meets this Thursday.
In contrast, traders are expecting the Federal Reserve to start unwinding stimulus, perhaps as early as this month.
The euro dropped to $1.31635 its lowest since July 22 and down 0.2 percent on the day. The dollar index was up 0.36 percent at 82.379.
- White House reverses, says Obama met uncle and lived with him during law school
- South Africa mourns Mandela, will bury him on December 15 |
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Flights delayed as air pollution hits record in Shanghai
- Microsoft leads disruption of largest infected global PC network