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Currencies: Euro keeps marching higher on ECB boost

The euro maintained its upward trend against other major currencies on Friday after the European Central Bank kept its monetary policy unchanged on Thursday.

For the first time in more than two years, ECB President Mario Draghi neither announced new stimulus measures nor signaled they were in the pipeline after the bank’s decision to maintain its current bond-buying policy.

An easy policy environment is expected to continue for now, but recent gains in commodity prices and inflation expectations may persuade ECB officials to scale back its stimulus program — the process known as tapering — in the longer run, some analysts say.

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