The Euro-to-Dollar exchange rate closed its worst week since April on Friday but risks being carried lower still as the first U.S. election debate, a resurgent coronavirus and two European Central Bank (ECB) speeches test investors’ confidence in earlier wagers on the single currency The Euro fell while the Dollar recovered sharply last week as investor risk appetite faltered, leading to declines for stock markets and the single currency but with multiple contributors to the sell-off including U.S.-China tensions, an ongoing absence of U.S. financial support for households and ambiguity about whether the Federal … (full story)
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