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Friday March 29, 2024

Asian stocks remain mixed

SYDNEY: The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the United States dollar, while activity in Asian shares was crimped by a holiday in Japan.The strength of the dollar also combined with worries about Chinese demand to clobber commodity

By our correspondents
November 24, 2015
SYDNEY: The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the United States dollar, while activity in Asian shares was crimped by a holiday in Japan.
The strength of the dollar also combined with worries about Chinese demand to clobber commodity prices again, sending copper to its lowest in over six years.
The head of the European Central Bank, Mario Draghi, last week offered the strongest hint yet that the European Central Bank will unveil fresh stimulus measures at its December 3 policy meeting.
The contrast with the United States Federal Reserve could not be more stark as it seems destined to lift rates in December for the first time in a decade, underpinning the dollar.