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Stock impact report

FOREX-Euro remains stuck near two-month low as bears await dovish ECB [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG)  More Company Research Source: Reuters
PDF FOREX-Euro remains stuck near two-month low as bears await dovish ECB - Reuters 5 Min Read * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh * Worsening data bolsters case for dovish ECB * Sterling stable after Johnson becomes British PM * Dollar supported before Fed meeting next week (Adds analyst quote, Australian dollar) By Stanley White TOKYO, July 25 (Reuters) - The euro was mired near a two-month low on Thursday before a European Central Bank meeting that could signal monetary easing as growth in the currency zone falters. Sentiment towards the single currency took a big hit after data on Wednesday showed Germany’s manufacturing sector contracted at the fastest pace in seven years while French business growth unexpectedly slowed, sending European bond yields lower. The Australian dollar dipped after the country’s central bank governor said policy could be eased again if needed, and that it was “reasonable” to expect interest rates to remain low for an extended period. Investo [Read more]
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