The euro erased its losses versus the Japanese yen, but fell against the US dollar today even after the European Central Bank raised its main interest rate.
The ECB boosted its benchmark Minimum Bid rate by 25 basis points to 1.50 percent. The French traded balance unexpectedly widened from â¬7.2 billion to â¬7.4 billion. The German industrial output rose 1.2 percent in May, following the 0.8 percent decline in April.
EUR/USD fell from 1.4317 to 1.4280 today as of 12:55 GMT after posting the intraday low of 1.4220. EUR/JPY advanced from 115.86 to 116.09 after it dropped to 115.52.
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