Euro Declines After ECB Reduces Rates by 25 Basis Points
LONDON (Reuters) - The euro fell marginally on Thursday, while shares pared earlier losses after the European Central Bank cut interest rates by 25 basis points to 3%, as expected.
The euro wavered, but was last down 0.1% at $1.0485, having traded around $1.049 before the decision.
Europe's continent-wide STOXX 600 share index was last down 0.08%, having traded around 0.16% lower before the decision.
Germany's 10-year bond yield, the benchmark for the euro zone, barely budged and was last trading 1 basis point higher at 2.14%. Yields move inversely to prices.
(Reporting by Harry Robertson; Editing by Amanda Cooper)
