Euro slips to 7-week low against dollar

London

THE euro slipped to a seven-week low against the dollar on Thursday, as investors bet that monetary policies will diverge in the eurozone, where interest rates look set to stay at record lows throughout 2018, and the United States, where as many as four hikes are expected.

The dollar strengthened across the board, hitting a six-week high against a basket of major currencies after Jerome Powell struck an upbeat note on the US economy on Wednesday during his first public testimony as Federal Reserve chief.