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CURRENCIES

Euro falls as risk appetite stabilises

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Very low inflation and modest growth will likely define the eurozone economy at least until the end of next year, a Reuters poll found, with only a slim chance the European Central Bank will increase its monthly bond purchases.

London

THE euro fell towards a one-month low against the US dollar on Tuesday, as risk appetite stabilised following a volatile Monday when weak Chinese data and a breakdown in relations between Saudi Arabia and Iran prompted a stockmarket sell-off.

The US dollar had hit an 11-week