LONDON—The euro wilted on Thursday as the European Central Bank geared up for its first rate rise in over a decade and as political tumult in Italy offset relief following the restart of Russian gas flows through the region’s largest pipeline.
Traders will have more than just the landmark rate move to juggle later, with the ECB also set to sketch out its “anti-fragmentation plan”—a bond market intervention scheme it hopes will prevent another eurozone debt crisis.
