ECB's Stournaras: Not observing excessive wage demand in Europe

European Central Bank (ECB) Governing Council member Yannis Stournaras noted on Thursday that they are not observing excessive wage demand in Europe,
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EUR/USD drops to test multi-year lows amid a weaker euro

The EUR/USD failed to hold onto daily gain and fell to test the 1.0160 area. A weaker euro pushed the pair to the downside despite a recovery in equit
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