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flag Euro declines against US dollar due to ECB rate cut expectations and weak eurozone PMI data.

flag The euro declined against the US dollar on Monday, influenced by weak eurozone business activity data and expectations of interest rate cuts from the European Central Bank (ECB). flag The eurozone's PMI fell to 48.9, signaling contraction, while US business activity remained stable. flag Analysts predict further euro depreciation, with potential ECB cuts looming. flag In contrast, US economic indicators suggest a steady outlook, bolstering the dollar's strength.

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