The euro adds to gains as the ECB stands pat. A month ago, many were sure a rate cut was coming,...

|By:, SA News Editor

The euro adds to gains as the ECB stands pat. A month ago, many were sure a rate cut was coming, but a continued easing of financial conditions allowed the bank to stay on hold. As David Tepper has said, Draghi has the rate cut in his pocket any time he needs to use it. The euro +0.4% to $1.3115.