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Euro trades near 2-month low on eastern Europe economic concern

Posted on 05 February 2009

From Bloomberg: The euro traded near a two-month low against the dollar on speculation the economic slump in Eastern Europe will cause the 16-nation region’s recession to deepen.

The currency may weaken for a second day versus the yen as traders added to bets the European Central Bank will cut interest rates further this year to spur growth, after probably leaving them unchanged at a meeting today. …. Full Article: Source


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