Euro extends losses amid Yellen's statement

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Source: WBP Online
The Euro weakened against the US Dollar after Janet Yellen's comment that the Federal Reserve may start its rate hike already this year. As a result, the European currency dropped to present lows of $1.1155 down from the prior $1.1230. During the previous week the policy-setting committee made up its mind to keep interest rates unchanged due to the latest market volatility impacting the world's biggest economy's outlook. 
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