The index, which measures the greenback against six major peers was at a three-week low of 95.271, having tumbled 2% this week – its biggest such fall since March 2020.
“On the face of it, both the and ECB met market expectations with BoE raising rates 25 bps to 0.50% and ECB keeping policy unchanged.The euro was at $1.1452, its highest since January 14,after ECB president Christine Lagarde acknowledged mounting inflation risks and declined to repeat previous guidance that an interest rate increase this year was extremely unlikely.
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