Germany ‘s highest court gave the European central bank three months to justify purchases under its bond-buying program. The news sent the euro to a one-week low of $ 1.0826 overnight and it slumped to a three-year trough of 115.09 yen in asia, as traders fretted about both the scheme and the euro ‘s future. Markets have been fickle this month, as dire economic indicators and concerns about u.s.-china tensions have held optimism about lifting covid-19 lockdowns in check.

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