Economic news

Review: Euro firms after largest daily drop in a month

The euro firmed on Tuesday after its largest drop in almost a month on the previous day as investors shrugged off worries over German political crisis.

The common currency inched up 0.1 percent to $1.1749 after slumping half a percent on Monday, its largest daily drop since Oct. 26.

With economic growth from the EU exceeding the U.S. in the third quarter, led by strongest economy Germany, the euro has bounced back from earlier lows and investors were becoming more confident in holding European assets.

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