Sep
20
Euro Weakens as Central Bankers Cite Risks to Global Outlook
By-
Currency erases gain on comments from ECB’s Coeure, Praet
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Heads for weekly loss against most major counterparts
The euro fell as European Central Bank policy makers noted risks to the global economy following Thursday’s Federal Reserve meeting.
The shared currency dropped against most of its peers after Benoit Coeure, an ECB Executive Board member, said the Fed’s decision to leave interest rates on holdvindicates the ECB’s assessment of the uncertainties surrounding the global growth outlook. His peer on the ECB board, Peter Praet, said in an interview with the NZZ newspaper the central bank should be ready to act if economic shocks turn out to be long-lasting…
Euro Weakens as Central Bankers Cite Risks to Global Outlook
