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2017.04.2722:47:00UTC+00Euro Falls Versus U.S. Dollar After ECB Meeting

The euro slipped against the U.S. dollar following European Central Bank President Mario Draghi's statement of policy makers not discussing the bank's easing bias on monetary policy. The dollar strengthened versus the Swedish crown after the Riksbank extended its bond-purchasing.

The common currency previously climbed to a session peak of $1.0932 due to the ECB's statement which said the euro bloc's recovery was strong and negative risks had dwindled down. However, other parts of the statements and Draghi's response to questions weighed on the barriers the ECB is facing before starting to tighten the ultra-loose financing conditions it maintained for nine years.

The euro last stood 0.3 percent lower against the dollar at $1.0875, near a session low of $1.0852.

Sweden's Riksbank extended its bond-purchasing and sees its first interest rate hike in mid-2018, later than initially forecasted. It sent the dollar around 1.3 percent higher versus the Swedish crown to a session peak of 8.8730 crowns a dollar.

The greenback last stood 0.2 percent higher against the yen at 111.22 yen after climbing almost 0.5 percent to a session peak of 111.59. The dollar index rose 0.1 percent at 99.104.

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