The euro slumped to a 9-year low as Germany’s economic data disappointed. Yet, equities soared amidst rising speculations that the ECB would expand asset purchases in as soon as January and expectations of encouraging US job data. In the commodity sector, crude oil continued to recover modestly on bargain-hunting following the massive selloff over the past months.
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Euro Slumped to 9-Year Low on Weak German Data, Market Awaits US Payrolls