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Euro sinks at European opening

The EURUSD pair dropped 0.20 to 1.1696 on Monday, September 27. The single currency brushed aside the outcome of Germanys federal election. ECB president Christine Lagarde, addressing a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, said that the PEPP program is effective, while the uptrend in inflation is transitory.

 

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