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Back in Europe, investors digested August flash PMI readings out of the euro zone, which showed that business activity contracted for a second straight month.August flash PMI readings out of the euro zone showed that business activity contracted for a second straight month. "The latest PMI data for the euro zone point to an economy in contraction during the third quarter of the year," said Andrew Harker, economics director at S&P Global, said in a press release.We expect the euro will depreciate further beyond its two-decade low, says Citi strategist

Traders work during the opening bell at the New York Stock Exchange on Wall Street in New York City on August 16, 2022.

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