Еuro near four-week low as ECB signals further monetary easing

The dollar paused its climb on Friday, while the euro wallowed near its four-week low against the greenback after the European Central Bank signalled more stimulus may come in December as COVID-19 rips into the economy, news wires reported.

The ECB kept interest rates steady on Thursday but committed to contain the growing fallout from a second wave of coronavirus infections, saying it would hone its response by its December meeting, as widely expected by the market. “We agreed, all of us, that it was necessary to take action and therefore to recalibrate our instruments at our next Governing Council meeting,” ECB President Christine Lagarde told a news conference.

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