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Euro faces large weekly dip
The euro is heading toward its biggest weekly decline against the dollar in nearly four months, due to concerns over France's financial situation and the potential for stricter US monetary policy. Despite rallying on Friday, the European currency is expected to register a weekly decline of 1.17%, the largest since June 2023, amid market pressures caused by rising energy prices, political and economic instability in France, as well as the deterioration of French and Italian government bond performances and a rise in yields to their highest levels since 2002.
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