Financial Times FT.com

Euro retreats after €442bn ECB move

By Peter Garnham

Published: June 25 2009 03:00 | Last updated: June 25 2009 03:00

The euro lost ground yesterday after a massive liquidity injection from the European Central Bank.

The ECB pumped a record €442.2bn into the eurozone banking system in a first offer of unlimited one-year funds as it battled continental Europe's severe recession.

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