The European Central Bank pledged on Thursday, October 29, to bolster its pandemic stimulus in December as surging coronavirus infections darken the eurozone's economic outlook.
The euro slid against the dollar following the pledge by the ECB to step up its support for the eurozone economy, falling to $1.1661 from $1.1746 late on Wednesday, October 28. Many observers expect the scheme, known as PEPP, to be beefed up at the next monetary policy meeting on December 10.
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