Surging euro presents new headache for ECB

The central bank for the 21-nation single currency area is widely expected to keep interest rates on hold for its fifth straight meeting, with consumer price rises currently a touch below the ECB's two-percent target. But the euro's recent gains have complicated the picture and may fuel debate about if and when the ECB should start cutting its key deposit rate from its current level of two percent. Berenberg bank economist Felix Schmidt told AFP that the "big topic" at Thursday's meeting in Frankfurt...