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ECB vows to persist with negative rates in bid to fuel inflation

ECB vows to persist with negative rates in bid to fuel inflation
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Climbing dollar pauses for breath ahead of ECB

Tom Westbrook 1/3 George Washington is seen with printed medical masks on the one Dollar near Euro banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Read More SINGAPORE, July 21 (Reuters) - The dollar took a breather from its grind higher on Wednesday, easing slightly from multi-month peaks as a bout of risk-aversion ebbed, though selling was light as expectations of a cautious European Central Bank had the euro pinned down. The euro touched a fresh three-month trough of $1.1755 overnight and its small rebound had carried it only as far as $1.1780 by early in the Asia session. The Australian and New Zealand dollars also rose from year-to-date lows, while sterling lifted off a five-month low.

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