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06 Aug 2025

Euro nears two-week high on Fed

The euro rose on Wednesday against a basket of global currencies, extending its gains for the second consecutive day against the US dollar, approaching a two-week high, due to growing concerns about the stability of the Federal Reserve.

The euro rose 0.1% against the dollar to $1.1586, from the opening price of $1.1575, and hit a low of $1.1564

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