ECB Doves Sour Euro Rally With Pushback Against Tapering Bets
(Bloomberg) -- The euro’s charge toward a three-year high is stumbling as the European Central Bank quashes expectations that it’s anywhere near paring back emergency stimulus.The ECB is increasingly expected by economists and investors to extend its elevated pace of emergency bond-buying at a June meeting, even as the continent’s vaccination program surges forward and the economy rebounds. That’s putting a damper on prospects for further gains in the common currency, which has risen about 4% against the dollar from a trough in March.Policy makers including Executiv...