Euro surges to 14-month high, Fed decision awaited
LONDON (Reuters) – The euro hit its highest level in over a year on Wednesday and shares, oil and metals were also on the rise, as confidence in the global economic outlook strengthened ahead of European data and the U. S. Federal Reserve’s latest policy decision. The Fed is expected to maintain asset buying at $85 billion a month when it concludes its meeting later and retain its commitment to hold interest rates near zero until unemployment falls to at least 6. 5 percent. . . .
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