Newly introduced 10 Euro banknotes are pictured under ultraviolet light during a news conference at the headquarters of Germany's federal reserve Bundesbank in Frankfurt, May 7, 2014. (REUTERS/Ralph Orlowski)
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The euro fell to a three-month low against the dollar, and stocks and bonds in the region climbed Friday, after a wobble in German business confidence added to expectations the European Central Bank would cut interest rates next month.A weaker-than-expected reading from Germany's closely watched Ifo business climate index as it fell to its lowest level of the year was enough to convince many ECB action was now a nailed-on certainty.It's a level the single currency has flirted with three times this week but has not closed below it.The FTSEuroFirst 300 index of leading European shares was little changed at 1,365 points, Germany's DAX was up 0.2 percent at 9,743 points while Britain's FTSE 100 was down 0.2 percent at 6,801 points.The Japanese index gained about 2.7 percent this week, notching its first weekly gain in three.U.S Treasury debt yields slipped 1 basis point on the day to 2.54 percent but were still up almost 5 basis points on the week following the recent slide to multi-month lows below 2.50 percent.
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