Euro climbs as the ECB refrains from a pivot to rate cuts ...Middle East

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Euro climbs as the ECB refrains from a pivot to rate cuts
The euro is trading at a six-week high after the ECB rate decision.It's tempting to point to the ECB as the main catalyst but the euro is lagging the moves in the pound, Australian dollar and kiwi. It's taking advantage of broader US dollar selling on an improvement in the general risk trade. The Nasdaq is up 1.2% and the S&P 500 up 0.9%, both near session highs.Still, the euro has been making slow progress from the past month and is now at the best level since Jan 23 (the high that day of 1.0932 is also near-term resistance).The initial selling on the ECB decision came as eurozone growth and inflation forecasts were revised lower. Given the ECB's focus on inflation, that sparked speculation

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