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Euro gives up Japan-inspired gains

Posted on 09 January 2013

The euro turned lower against the dollar on Tuesday, giving up modest gains after Japan’s finance minister said Tokyo would use part of its foreign-exchange reserves to buy bonds issued by the European Stability Mechanism, the euro zone’s bailout fund.
The ICE dollar index, which measures the greenback against a basket of six major currencies, rose to 80.323 compared with 80.256 in U.S. trading late Monday………………………………………..Full Article: Source


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