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Euro buoyed by Spain vote; yen under pressure

Posted on 23 October 2012

The euro rose Monday after a local Spanish election saw Prime Minister Mariano Rajoy’s party hang on to power in his home region of Galicia. The Japanese yen lost ground after data showed a widening trade gap, blunting the decline in the U.S. dollar against a basket of currencies.
The euro rose to as high as $1.3083, then lately traded at $1.3047, up from $1.3026. It also jumped 0.8% versus the yen and 0.3% against the British pound………………………………………..Full Article: Source


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