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Euro treads H2O forward of ECB process meeting

The euro struggled to mangle out opposite a dollar and yen Thursday forward of a European Central Bank process decision, with unsatisfactory German bureau outlay fanning fears about a EU’s largest economy.

The dollar slipped to 101.48 yen from 101.73 yen after a Federal Reserve’s Beige Book news on a economy pronounced expansion was “modest” in Jul and August.

Traders were indifferent by news that Japan’s economy grew usually somewhat some-more than initial suspicion in a second quarter.

While a 0.2 percent on-quarter expansion was a slight alleviation on a prior 0 reading they were still good next a prior 3 months’ figures.






Article source: http://www.dailystar.com.lb//Business/International/2016/Sep-08/371079-euro-treads-water-ahead-of-ecb-policy-meeting.ashx