Euro rises on ECB rate hike bets

the ECB sets policy on Thursday. Again, a quarter point hike is widely expected, but building evidence of an economic slowdown has called into question the chances of another by year-end.

The euro rose 0.1% to $1.1070, after hitting a two-week low on Tuesday.

“If the ECB retain their hawkish bias, by no means guaranteed but more likely than the FOMC, euro is likely to track higher this week,” Capurso added.