Euro five-month low in Tokyo

Posted by 7Star Friday, January 22, 2010

The euro hit a five-month low on the dollar, ground down by worries about Greece's deteriorating finances, while the Australian dollar remained on the defensive after strong Chinese data raised the risk of tightening there. Market players have been paying close attention to China this week, due to fears that Beijing will step in to tighten credit and rein in its rapidly expanding economy.

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