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euro up slightly but remains near 7-month low

Monday 1st February 2010
The under-pressure euro rose slightly against the US dollar today after last week's poor run which saw it reach seven-month lows.

Fears about the economy of Greece and also Portugal dragged down the euro while the US dollar moved close to a six-month high against a currency basket following better-than-expected gross domestic product data which suggested the US is recovering faster than the euro zone and Japan.

In January the euro lost more than 3% against the dollar and around 6% against the yen.

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