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29 Aug 2024

Euro moves away from 13-month high

The euro declined in the European market on Thursday against a basket of major and minor currencies, continuing its losses for the second consecutive day against the U.S. dollar, moving away from its 13-month high. This was due to ongoing corrective actions and profit-taking, after data showed inflation in Spain slowed more than expected in August, with the market waiting for inflation data from Germany later today

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