Euro dips slightly after 3-day rise ahead of ECB meeting

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Reuters UK

By Stefano Rebaudo (Reuters) – The euro was marginally lower on Thursday ahead of a meeting of the European Central Bank, which might signal a faster-than-expected monetary tightening to fight rising inflation, while souring risk appetite supported the dollar. The ECB is all but certain to keep policy unchanged on Thursday but may be forced to acknowledge that inflation could stay high for longer than it had projected, a signal that some may take as a hint at a faster exit from stimulus. “If Ms. Lagarde sticks to this tactic (talking down inflation) in the press conference, the euro will conti…

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