Euro Near Two-Year Low Before Confidence, Inflation Data
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The euro declined toward a six-week low against the yen before reports this week that economists said will show European inflation stagnated in June and consumer confidence in Germany declined this month.
The 17-nation currency fell for the fourth time in five days versus the dollar after German Chancellor Angela Merkel said she hasn’t softened her stance on measures to stem contagion that’s prompted five member states to seek international aid. A gauge of currency volatility dropped for a sixth day to the lowest since April.