Dollar Rises as Euro Slips After ECB Rate Increase
The dollar rose against major currencies while the euro slipped after the European Central Bank raised interest rates by 25 basis points. U.S. producer prices also drove gains ahead of upcoming inflation data.
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The United States dollar rose against major currencies on Thursday afternoon, recouping weekly losses as United States producer prices met forecasts. The euro slipped 0.19% to $1.1612 following an interest rate increase from the ECB. Markets are weighing inflation data against potential policy easing from the Federal Reserve.
