SINGAPORE: Stocks edged higher on Thursday and the euro held on to the previous session's gains on hopes that the European Central Bank will unveil new tactics to curb surging borrowing costs in indebted euro zone states.
The single currency jumped more than 1 cent on Wednesday to a high of $1.2625 after a string of leaks from euro zone officials raised expectations that the ECB will announce a bolder bond intervention plan after Thursday's policy meeting.
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