EURO NEAR TO TWO-MONTH HIGH

Highlights:

• Euro gained 0.1 percent and settled at $1.11760.
• Yen is at a six-month high of 6.9288 against the dollar.
• Sterling slumped by 0.2 percent and settled at $1.2792.

On Wednesday, the euro settled near two-month highs while the dollar has slumped. This came after the Federal Reserve has cut the interest rates by 50 basis points to a target range of 1.00 percent ....