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Global Markets: Euro falls on cautious ECB, stocks rise as tariff plan looms

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - The euro dropped on Thursday as the European Central Bank signalled caution on inflation and protectionism, while world stock markets edged higher as U.S. President Donald Trump vowed flexibility with his plan to impose steep import tariffs.While the ECB took a small step towards weaning the euro zone economy off protracted stimulus by dropping its easing bias, ECB President Mario Draghi said monetary policy would remain "reactive" and that underlying inflation was subdued.The euro was down 0.68 percent to $1.2328, while the dollar index rose 0.44 ...

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First Published: Thu, March 08 2018. 23:29 IST