Oliver Mangan: ECB holding its line on interest rate hikes set to keep euro low

The euro is likely to remain low against its peer currencies while the ECB remains cool on interest rate hikes.

Expectations in regard to interest rates are having a perceptible impact on currency markets.

The dollar, in particular, has been on a rising trend since the middle of the year in the context of the US Federal Reserve upping its projections on interest rates.