News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

ECB rate cuts fail to tame strong euro—for now

Euro ends week higher on surge into bonds and stocks but many bet its defiance won't last

The euro shook off the weight of the European Central Bank, holding firm this week even as the ECB cut a key interest rate below zero in a bid to stimulate lending and economic growth.

The euro on Friday traded at roughly the same level against the dollar it was at before the ECB's policy announcement Thursday. Against the dollar, the euro is up 0.1% this week and up 0.4% since hitting a three-month low on May 28.

WSJ Logo