Euro hope from weak US data
MARKET NEWS
The euro dropped two figures last week, but US economic data due next week could pave the way for a recovery. Matthew Clements, economist at Prebon Yamane in London explains
Uncertainty over the European Central Bank’s monetary policy stance dominated the week for the euro, culminating in the ECB’s decision to leave the refinancing rate unchanged at 4.75% on Wednesday. In the event, losses for the euro were limited, despite fears that the growth outlook for the euro-zone may be threatened by the
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