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The euro fell to a four-month low against the U.S. dollar on Thursday and the greenback rose to its highest in seven months against a basket of major currencies after the European Central Bank President left the door open to more monetary stimulus. The ECB left its ultra-loose monetary policy unchanged but President Mario Draghi kept a wide range of options open for further stimulus in December, shooting down any talk of tapering its 1.7 trillion euro asset-buying program. "The move in the dollar hurt oil, which hurt energy, which hurt stocks," said Stephen Guilfoyle, chief market economist at Stuart Frankel & Co.
BARTELLA, Iraq (AP) — In a significant escalation of the battle for Mosul, elite Iraqi special forces joined the fight Thursday, unleashing a pre-dawn assault on an Islamic State-held town east of the besieged city, and the U.S. military announced the first American combat death since the operation began.