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Euro resilient near highs, to test ECB’s threat on currency

Posted on 09 May 2014

The euro rose against the dollar on Thursday, trading not far from recent two-month highs and buoyed by a rise in overnight money market rates driven by dwindling excess cash in the euro zone.
The single currency has gained over 4 percent in the past six months and the latest trend came ahead of an interest rate announcement by the European Central Bank that was unlikely to make changes to benchmark rates………………………………………..Full Article: Source


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