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Europe’s weakening economy and a downbeat Draghi – time to write off a rate rise?

European PMIs came out weaker than expected. That, together with a downbeat Mario Draghi, saw the Euro weaken, helping push the US dollar higher this morning. Phil Dobbie asks NAB’s David de Garis whether that means a rate rise is off the table this year? They also look at mixed signals from the US, the fall in the Aussie dollar and what to look out for ahead of the long (Australia Day) weekend.

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