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Euro Gaps Lower After Lira Tumbles and US Dollar Rallies, Eyes GDP
Similar to EUR/USD, global stocks also succumbed to losses as risk sentiment declined. The Euro Stoxx 50 ended Friday’s trading session at 3430.49, its lowest close since July 12th. The S&P 500 also gapped lower and the Nikkei 225 is set to open the Asia Pacific trading session -1.33% down. In the wake of souring market mood, the US Dollar rallied, as it is often looked to as a safe haven currency due to its highly liquid nature and status as the world’s reserve asset. However, the greenback’s ascent only further accelerated the Euro’s downside momentum. The unit may reverse its previous falls in the wake of ... (full story)