The Euro gained on Greek elections speculation

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Source: Forexpros

The Euro retreated from session lows versus the Japanese Yen and the U.S. Dollar on speculation that Greek parties that support bailout will win the elections this weekend. The Euro recovered from the lowest level for the session versus the Greenback, and was traded at 1.2583. The currency also erased losses versus the Japanese Yen, gaining 0.01% and reaching 99.81 in the European morning trade.


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Thu, 14 Jun 2012 18:09:53 GMT

DAX moves down after another Spanish downgrade

German DAX index followed the overall trend in European stock market and traded lower. Spanish 10-year yields hit critical 7% mark while Italian borrowing costs soared during auction. Investors also priced in Spanish downgrade by Moody's and Egan-Jones. Moreover uncertainty appeared over Greek neighbour country Cyprus. Car makers who depend on economic growth experienced another weak session. Daimler AG fell

Thu, 14 Jun 2012 16:10:44 GMT

Copper fell after the sale of Italian government debt

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