Dollar rises and euro falls after expected ECB rate increase
The dollar rose against major currencies, reversing some losses earlier this week tied to rising oil prices and global bond yields. The euro fell after the European Central Bank delivered an expected rate increase.
The dollar gained against major currencies on Thursday, recovering some of this week’s losses as rising oil prices and global bond yields eased pressure on the currency. The euro weakened after the European Central Bank delivered an expected rate increase. The ECB raised interest rates o…