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TOKYO, Nov 22 - The euro fell to a two-year low and sterling also tumbled after data on Friday showed major declines in business activity in both markets, while bitcoin hit a record high just shy of $100,000.
"Today’s numbers were weak enough to shift the risks further to the downside," said Frederik Ducrozet, head of macroeconomic research at Pictet Wealth Management. Versus the dollar, the pound was last down 0.62% at $1.2509 after British retail sales fell by much more than expected in October, and PMI data showed British business output had shrunk for the first time in more than a year.The latest domestic data add to problems for European currencies that have been weakening against the dollar since Donald Trump's victory in the U.S. presidential election on Nov. 5.
Trump floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve chairman, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
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