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Strong pound, weaker euro

This article was originally published in Dairy Markets

The euro was weaker across the board this morning, falling to session lows against the dollar and yen after Germany's Ifo business climate index came in steady at 108.6, below a consensus forecast for a rise to 108.8. The index provided no reason for the market to increase eurozone rate hike expectations. At 0810 GMT the single currency was trading at 1 = $1.3423 and ¥162.98.


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