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German Stocks Have Their Worst Losing Streak Since 2016

The DAX drops for a third month as a stronger euro weighs on exporters

A strengthening euro has been piling on the woes for Germany’s exporter-heavy DAX Index. The benchmark on Thursday capped its longest monthly losing streak since February 2016, ahead of a general election in September. While August has typically been the worst month for the DAX, the 0.5 percent decline this time is still lower than the average drop of 2.6 percent in the past 10 years.

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