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Euro up as Italy anxiety eases after auction

Posted on 28 February 2013

The euro rose against the dollar Wednesday, with gains for the European shared currency coming after financially troubled Italy saw its borrowing costs rise less than had been feared.
The euro traded at $1.3136, up from $1.3065 late Tuesday. Against the Japanese currency, the euro rose to ¥121.11 compared with ¥120.05. The prospects for Italian political gridlock sent the euro skidding earlier this week after an inconclusive parliamentary election, which raised worries about demand for Italy’s debt………………………………………..Full Article: Source


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