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Stock impact report

Euro remains stuck near two-month low as bears await dovish ECB [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Euro remains stuck near two-month low as bears await dovish ECB - Reuters 5 Min Read TOKYO (Reuters) - The euro was mired near a two-month low on Thursday before a European Central Bank meeting that could signal monetary easing as growth in the currency zone falters. Sentiment towards the single currency took a big hit after data on Wednesday showed Germany’s manufacturing sector contracted at the fastest pace in seven years while French business growth unexpectedly slowed, sending European bond yields lower. The Australian dollar dipped after the country’s central bank governor said policy could be eased again if needed, and that it was “reasonable” to expect interest rates to remain low for an extended period. Investor focus in Asia remained predominantly on global central bank and political developments, particularly in Europe and the United States. Sterling GBP= held onto gains it made after Boris Johnson became Britain's new prime minister on Wednesday, but investors are still wa Show less Read more
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