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EURGBP cross on the cusp of decline

Traders bought into safe haven assets like the dollar and the yen amid concerns over Chinese property developer Evergrande due to the looming expiration of a 30day grace period. The companys 2.6 bln unit stake sale fell through. News also broke that the developer has been granted more than a threemonth extension to the maturity of a 260mln bond.

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