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The dollar was under pressure across the board. The European Central Bank (ECB) had set the reference price at 1.2276 (Wednesday: 1.2312) dollars. The dollar had cost 0.8146 (0.8122) euros. The reason for the Eurocourse gains was a consistently weaker dollar. On the market there was talk of a countermovement on the clear plus of the American currency from the previous day. On Wednesday, the dollar had benefited strongly from comments in the minutes of the Fed’s recent interest rate meeting. The note mentioned increased central bank optimism and the need for further interest rate hikes. The prospect of higher interest rates helped the dollar, but could not defend its gains on Thursday.