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Euro rises, with policy decision in focus
The euro ticked higher in Wednesday trading, with investors looking ahead to the following day’s European Central Bank policy decision, though some analysts suggest near-term downside for the currency. At midday in East Asia, the euro EURUSD +0.27% was buying $1.3487, up modestly from $1.3475 late Tuesday in North America. Crédit Agricole analysts, however, said the shared currency could move lower as the day moves on, given expectations of some sort of easing from the ECB this year. “Selling pressure upon [the euro] should persist today as consensus ECB expectations tighten their focus upon December policy ... (full story)