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Euro hits 7-month low, pressured by ECB stimulus expectations

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The euro extended its losses and hit a seven-month low against the dollar on Monday, pressured by expectations that the European Central Bank will ramp up its monetary stimulus next month.

[SINGAPORE] The euro extended its losses and hit a seven-month low against the dollar on Monday, pressured by expectations that the European Central Bank will ramp up its monetary stimulus next month.

The euro slipped to US$1.0610 on trading platform EBS at one point, its lowest level since April.

REUTERS