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euro rises against dollar but zone threat still lingers

Monday 8th February 2010
By Mike Jones

The euro increased against the US dollar this morning following a series of losses.

But concern still remains about Euro zone viabilty and, as a result, the euro remains close to its lowest level for many months.

Disappointment at a lack of positive outcome from the weekend's G7 meeting on dealing with the debt issues of countries such as Greece, Portugal and Spain continues to weigh heavily on investor minds.

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