The euro pops higher as the ECB lowers rates by just 25 basis points. Over past days, markets...

|By:, SA News Editor

The euro pops higher as the ECB lowers rates by just 25 basis points. Over past days, markets had appeared to be pricing in something beyond a 25 bp cut - either a bigger reduction or some form of QE, making today's move a bit less dovish than hoped. Hence, the bump in the currency, now buying $1.3405.