Euro Sinks to World's Worst Performer as ECB Keeps Bears on Edge
- ECB is forecast to deepen negative rates at Thursday's meeting
- Kiwi falls to 1-week low after RBNZ cuts rate, signals easing
ECB Decision Day: Weighing the Impact on Central Banks
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The euro weakened, cementing its position as the world’s worst-performing major currency over the past month, as traders braced for the European Central Bank’s decision on whether to expand stimulus.
A gauge of volatility in euro-dollar, the world’s most traded currency pair, jumped to a 5 1/2-year high as economists forecast the ECB on Thursday will cut its deposit rate from minus 0.3 percent and step up its 60 billion-euro ($66 billion) monthly bond-buying program.