FOREX-Euro at Over Two-Month Lows Ahead of Likely ECB Rate Cut; Dollar Firms

FOREX - SINGAPORE/LONDON. The euro drifted near a more than two-month low on Thursday ahead of an expected European Central Bank rate cut, while the dollar hit its highest in 11-weeks on the prospect Trump, whose policies the market considers more bullish, will win the U.S. election.

The ECB is expected to cut its deposit rates by a quarter-point when it publishes its policy decision at 1215 GMT followed by a news conference from President Christine Lagarde a half hour later that will be parsed for clues on future moves.