FOREX-Euro holds firm; NAFTA worries hit Canadian dollar, Mexican peso
The euro held firm on Wednesday as investors started to focus on the European Central Bank's policy meeting next week, while concerns that the United States could pull out of its trade agreement with Canada and Mexico hit their currencies. Market players said the euro got a boost on Tuesday after Bloomberg, citing sources, reported that the ECB could conclude its next policy meeting this month with a public announcement on when its quantitative easing program would end. Many traders have thought the ECB would seek to avoid causing a ripple at its next policy meeting on June 14 given the uncertainty caused by the Italian political situation.
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