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Societe Generale: The euro-to-dollar decline may slow down

MeNews
ME News Report, June 24 (UTC+8), Kit Juckes of Société Générale stated in a report that the decline of the euro against the US dollar may at least slow down. Recent expectations of Federal Reserve rate hikes and reduced bets on the European Central Bank's tightening policies have caused the euro to fall to a one-year low of 1.1324 against the dollar. Juckes pointed out that the euro has broken below the 1.14 to 1.2 range it has mostly stayed in over the past year, which could limit its further decline. (Source: ChainCatcher)
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