Euro falls versus U.S. Dollar and Pound

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Source: Reuters
The Eurozone's currency was traded lower on Tuesday session fluctuated near the weakest level in two weeks versus the U.S. Dollar and at the 2-month low against the British Sterling amid speculation that the ECB may cut rates soon. The Euro fell to a level of $1.3785 following an increased to $1.3815, while it slipped 0.1% to 82.01 pence.

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Tue, 22 Apr 2014 15:41:04 GMT

Kiwi rises on speculation over interest rate hikes

The New Zealand's currency advanced on Tuesday trading session rising against the U.S. Dollar amid speculation that the Reserve Bank of New Zealand may hike benchmark interest rates on the next policy meeting for the second time since the beginning of this year. The so-called Kiwi added as much as 0.3% to $0.8592 at the close.

Tue, 22 Apr 2014 14:56:02 GMT

ECB top official sees interest rate cut below 0.25%

The European Central Bank top officials commented on Tuesday that the bank may need to weaken the euro-area currency as inflation in the region is still at the weakest level in the Euro-era mainly due to the currency strength.  Benoit Coeure claimed today that the benchmark interest rate needs to be cut below a level of 0.25% as the inflation

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