Euro extends losses versus U.S. Dollar and Yen

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Source: Bloomberg
The European currency extended its losing streak against the U.S. Dollar and the Japanese Yen after a report released by the Dow Jones said that the Bundesbank President signalled further interest rate cuts by the European Central Bank. Euro dropped 1% to $1.3043 earlier on Wednesday New York session after reaching $1.3202 yesterday, while it slipped 0.8% to 127.46 per yen.

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Thu, 18 Apr 2013 05:54:03 GMT

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