Euro falls to two-year low after soft PMI data

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TOKYO :The euro plunged to a two-year low on Friday after data showed a tumble in euro zone business activity, and caused markets to up bets on ECB rate cuts, while bitcoin hit a record high just shy of $100,000.

Trump floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve chairman, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The index that tracks the dollar against six main peers was up 0.43 per cent at 107.5, its highest since November 2022.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: British Rate Dollar Central Showed Cent November Bank Currency Euro Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 14:39:39 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 661 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23762989

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 50 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 3 hours ago

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Publisher ID: #27

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