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Cost-of-living allowances paid to U.S. troops stationed in Europe will not change going into the last half of July, according to the Per Diem Travel and Transportation Allowance Committee, which sets COLA rates.

Allowances in most European locales have been stable since mid-May, when they decreased slightly across the continent. COLA in the United Kingdom dropped again at the beginning of July but was left unchanged by the Per Diem committee in the latest round of adjustments.

The exchange rate between the dollar and euro had been relatively stable through May and June, averaging $1.556 per euro both months, according to Federal Reserve Bank of New York data.

But rates have worsened in the last few trading days, and so far in July the euro has traded at an average rate of $1.577, according to the New York fed.


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