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Currencies – ECB Puts Main Interest Rate at 1.50%, EUR/USD Down

Posted on: July 7, 2011

The euro erased its losses versus the Japanese yen, but fell against the US dollar today even after the European Central Bank raised its main interest rate. The ECB boosted its benchmark Minimum Bid rate by 25 basis points to 1.50 percent. The French traded balance unexpectedly widened from €7.

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