Euro increases versus U.S. Dollar on Fed stimulus speculation

Source: Bloomberg
The European currency increased against the U.S. Dollar on Monday amid speculations that the Federal Reserve will take its time with easing the monetary stimulus program after data showed a lower-than-expected manufacturing output growth in the U.S. The 17-nation currency rose 0.3% to $1.2858 following a 0.4% drop earlier on Monday session.

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