Wednesday, 6 July 2011

WORLD FOREX: Euro Recovers Slightly But Gains Limited

(Wall Street Journal)- The euro recovered slightly against the dollar in Asia Wednesday from overnight falls, but the gains were limited before the European Central Bank's policy-setting meeting Thursday and U.S. June jobs data due Friday.

Fears of sovereign debt contagion in the eurozone were rekindled by Moody's Investors Service downgrading of Portugal's ratings, but traders in Tokyo refrained from making aggressive moves ahead of ...

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