Copper off the highs as Greece relief rally ebbs, Spanish yields surge

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Source: Forexpros

On Monday, copper futures went off the highs, after optimism about Greek elections started to fade, and Spain witnessed an increase in borrowing costs. On the NYMEX, July delivery futures were traded at USD3.397 per pound, gaining 0.4% during European morning trading session. However, it earlier peaked at USD3.475 per pound during that trade.

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Mon, 18 Jun 2012 15:55:58 GMT

The Euro pares gains versus the Yen on Spanish and Greek concerns

On Monday, the Euro pulled away from a week high versus the Japanese Yen, as investors were focused on Spanish financial woes and worries about the formation of the Greek government. EUR/JPY retreated from 100.85, which was a one-week high, and consolidated at 99.60, gaining 0.08% in the European afternoon trading session.

Mon, 18 Jun 2012 14:49:24 GMT

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