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Euro-Dollar to Test Three-month High This Week but Downside to Prevail into Year-end
The Euro rose Monday on a series of favourable trade headlines that have helped put it on course to test a three-month high against the Dollar later this week, according to some forecasts, but the single currency is still being tipped in the city to reach new lows before year-end. Europe's unified unit was higher against all major rivals other than the Dollar Monday, which appeared to stabilise following last week's declines, after U.S. Commerce Secretary Wilbur Ross said at the weekend the White House might not impose tariffs on EU car exports later this month. A weakening Dollar had enabled the Euro to recover ... (full story)