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The US dollar accelerated against the euro as Germany posted soft factory orders and Italy was back in recession, as well as concerns on the escalating Russia-Ukraine conflict.
Against the euro, the currency traded at 1.3381, up 0.04%.
Italy’s economy declined on the 2nd quarter, making it back to recession. The country’s gross domestic product constricted by 0.2%.
In another news, German factory orders dropped 3.2% in July.
The dollar traded at ¥102.54, 0.9075 Swiss franc, and £1.6849, respectively.
