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Euro, bond yields drive higher on ECB scale-back bets

The euro hit a 1-year high on Wednesday and German 10-year Bund yields continued to rise after doubling the previous day, as bets grew that the European Central Bank is readying to scale back its 2-trillion-euro stimulus programme.

Post-Draghi surge drives euro to one-year high

The euro surged to a one-year high on Wednesday, adding to its biggest daily gain in more than a year a day earlier after a change in tone by European Central Bank President Mario Draghi.