(Bloomberg) -- The euro rose to a five-week high against the dollar as European Central Bank President Mario Draghi gave no indication that policy makers will introduce a negative deposit rate to spur growth.
The single currency appreciated against all of its 16 major counterparts even after the ECB left its benchmark interest rate at a record-low 0.25 percent at a meeting in Frankfurt. The pound weakened for a third day versus the euro as the Bank of England kept interest rates at a record low. A gauge of currency volatility climbed to the highest level in eight weeks. Norway’s krone slid to a four-year low versus the euro