An eventful week including unprecedented easing measures from the
The buck slumped to
On Friday, the ECB reduced its main lending rate by 0.10 %age points to 0.15%. Policy makers also voted to charge commercial banks interest for holding money in the ECB in an effort to stimulate bank lending.
The dollar failed to trim its weekly losses versus the sterling, with the pair holding at
Modest gains took the dollar to
In economic news from the US, data released by the
The data showed unemployment rate was steady at 6.3% in May. Economists expected unemployment rate to edge up to 6.4%.
German exports increased notably in April, following declines in the previous two months, figures from Destatis showed. Total exports climbed a calender-and-seasonally adjusted 3.0% monthly in April, following a 1.8% decline in March.
Meanwhile, the French trade deficit narrowed unexpectedly in April due to a notable decline in imports, the customs office said.
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