Euro Stays Higher as ECB Keeps Key Interest Rate at 0.75 Percent
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The euro stayed higher versus the dollar and yen after European Central Bank policy makers kept their benchmark interest rate at a record-low 0.75 percent.
The decision was forecast by 48 of 52 economists surveyed by Bloomberg News, with four predicting a 25 basis-point cut. ECB President Mario Draghi will speak at a news conference to explain the decision at 2:30 p.m. in Ljubljana, Slovenia.