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Euro gains on report ECB may hold back action

Countries should spend and invest what they can to help the eurozone bolster growth, a policy setter at the European Central Bank said on Wednesday, adding that pursuing responsible fiscal policies can help achieve this aim.


THE euro gained around half a per cent against the US dollar on Thursday after Reuters reported that European Central Bank policy makers are sceptical about the need for further policy action in the near term.

Oil-rich Canada's dollar fell to its lowest level since April