Monday 2 January 2012

FX

Euro hovers near record lows
The euro opens the new year where it left off in 2011: against the dollar near the 14-month low (currently at $1.2933), a 2-year low against Sterling (£0.8340) and at a new 10-year low against the Yen (¥99.45), with a bearish outlook on the common currency.

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