LONDON—The euro slipped broadly against its rivals on Friday, falling to more than one-year lows against the Swiss franc, as Italian bond yields resumed their upward march a day after the European Central Bank struck a dovish note at a policy meeting.
At the meeting President Christine Lagarde disappointed market expectations that she would push back firmly against the recent pricing in of two ECB rate hikes by December 2022, which is at odds with the bank’s economic outlook, and long-term inflation expectations that are above the ECB’s target.
