Euro lower against dollar

The euro edged lower against the U.S. dollar on Thursday as markets anticipated another interest rate cut by the European Central Bank.

The 16-nation euro was down to $1.3143 in morning European trading from $1.3159 in New York late Wednesday.

The ECB was widely expected to cut its main refinancing rate to 2 percent from 2.5 percent at its monthly meeting later in the day, with traders looking to comments from bank President Jean-Claude Trichet after the decision for hints on the ECB's future course.

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