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Euro Rebounds Against Dollar

Posted on June 16 2010 7:00 am
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by Karen Johnson

The euro hit a two-week high at $1.2350 before falling back slightly, as investors set aside euro-zone debt worries and snapped up riskier assets.

In all, the euro rose more than 1% against the dollar, extending a rebound from the four-year lows hit last week as global stocks rallied and European debt auctions drew healthy demand.

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