EURO DROPS AFTER LAGARDE'S COMMENTS

EURO DROPS AFTER LAGARDE'S COMMENTS
The euro fell on Thursday, extending losses for the second day, after reaching a three-week high.
European Central Bank President Christine Lagarde's less aggressive comments led to corrections and profit-taking.
Lagarde's comments raised expectations that the ECB may cut interest rates next week.
A potential rate cut in Europe could widen the interest rate gap in favor of the US dollar.