Stronger-than-expected eurozone PMI data and a slight tightening in bond spreads pushed the euro higher on Monday, but it hovered close to seven-month lows on concerns over the indebtedness of some eurozone countries. The dollar steadied but stayed close to a six-month high versus a currency basket after Friday's stronger-than-forecast gross domestic product data indicated the United States was recovering faster than the eurozone and Japan.
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Great news !
Posted on February 3, 2010 at 11:14 PM
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