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Currencies: Euro holds steady ahead of European Central Bank decision

The euro was holding its ground Thursday against the U.S. dollar as investors awaited the outcome of a European Central Bank policy meeting that could see the institution renew or extend its program of long-term loans to eurozone banks in the face of a slowing economy.

The euro EURUSD, -0.3714% changed hands at $1.1309 versus the dollar in recent trade, unchanged from its level late Wednesday in New York. The shared currency has fallen for four straight days, however, declining 0.6% versus the U.S. unit over that stretch, amid growing expectations the ECB will strike a dovish stance at its policy statement at 7.45 a.m.

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