The European Central Bank looks set to leave rates on hold on Thursday but the move is unlikely to contribute to a strengthening of the euro, as the signs of weakness in the euro zone economy intensify.
Meanwhile analysts said the bad news may be nearly over for the U.S. but with non-farm payroll data due on Friday, investors are still jittery about the future of the world's biggest economy.
The dollar has rebounded recently and many are now saying that the U.S. currency will continue to strengthen as troubles move across the Ocean. Others, however, say the dollar's gains are likely to be short-lived.
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