Tue. Jul 14th, 2020

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Euro falls and Yen rises

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Currency and stock markets have been fickle this month, as dire economic indicators and concerns about U.S.-China tensions have held optimism about lifting COVID-19 lockdowns in check.

On Wednesday, yen gained a three-year high against the euro and a seven-week peak on the dollar. It was due to a court decision challenging German participation in Europe’s stimulus program and worries about a bumpy global recovery spooked investors.

 

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