EURO DROPS AFTER LAGARDE'S COMMENTS

EURO DROPS AFTER LAGARDE'S COMMENTS
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.