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Euro Slide Leads US Stocks Lower
This morning the European Central Bank left its benchmark interest rate unchanged at 0.75% as expected. During his regular press conference President Mario Draghi made no major changes to his comments on the European economy though he noted that credit growth continued to be weak. He also reiterated that inflation would remain low and significant growth from the euro area would remain to the downside. However the eurodollar continued to weaken significantly after the press conference and it dragged down European and US stocks to an intraday low of almost -1%. Though after the European close US stocks recovered ...
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