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Thursday, May 10, 2012

Euro Hit New Lows, Yen On The Rise

The Euro tumbled to a new 3-month low on Wednesday, amidst renewed fears that political uncertainty in Greece and France will undermine austerity plans, which remain an integral part of tackling the debt crisis in the Euro Zone.
As a result, the 'safe-haven' Japanese Yen went on to post fresh gains after rising across the board against the major currencies.

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