Euro drops versus greenback ahead of Spain's auction

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Source: Bloomberg
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The 17-nation currency depreciated against the Dollar, reaching one-month record low before Spain's bond auction due on April 17. Euro declined 0.4% to USD 1.3023 in Asian trade. It slipped also 0.4% versus Japanese Yen to JPY 105.36. Euro is vulnerable to more severe drop in short term future if Spanish borrowing costs continue to climb, suggests Imre Speizer, Westpac Banking strategist in Auckland. 
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Mon, 16 Apr 2012 07:09:39 GMT

China widened Yuan band

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Mon, 16 Apr 2012 06:00:33 GMT

South Korea cuts its growth forecast

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