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Euro Trades Near Two-Month Low as Asian Stocks Slide, Gold Gains
The euro held near a two-month low before European officials meet to discuss Greek aid. Asian stocks slid and gold rose to near a three-week high as Japan’s economy contracted more than estimated. The euro slipped less than 0.1 percent to $1.2703 as of 7:47 a.m. in London. The MSCI Asia Pacific Index (MXAP) dropped 0.4 percent. Futures on the Euro Stoxx 50 Index fell less than 0.1 percent, while December contracts on the Standard & Poor’s 500 Index added 0.1 percent. Gold rose 0.2 percent to $1,734.75, extending its best week since August. Soybeans fell 1.7 percent to $14.28 a bushel, touching the lowest in four ... (full story)