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The dollar halted its rally on Friday, while the euro was near a four-week low against the US currency after the European Central Bank hinted at further monetary easing by year-end ..
Overnight, euro decline combined with US data helped push the dollar near a four-week high against a basket of currencies.
The European Central Bank kept interest rates stable but pledged to contain the growing fallout from the second wave of coronavirus infections, saying it would define its response more specifically at its December meeting, as the market in general awaits it..
The euro edged up to $ 1.1679 in Asia after hitting a four-week low of $ 1.1650 in overnight trading in the US..
Against the yen, the European common currency eased slightly to 121.79 yen.
Yesterday data from Thursday showed the US economy grew at a record pace in the third quarter and an improving trend in US jobless claims, while negative effects resulting from the Corona virus recession continue..
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