Euro remains weak ahead of Italy bond auction

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Source: Bloomberg
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17-nation currency stayed weak on Monday and was heading for a largest monthly loss since September ahead of upcoming Italian bond auction due tomorrow. The common currency traded almost flat against US Dollar at USD 1.2537 in Asian trade. The Euro has depreciated 5.3% in May. Currently EUR/USD is trading at USD 1.2534. 
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Tue, 29 May 2012 06:52:03 GMT

Greek banks got 16 billion Euros from rescue fund

Four largest Greece's banks gained access to the ECB funds, according to the Greece's Ministry of Finance. The capital injection was implemented through bonds from the EFSF bailout fund and is aimed at pumping liquidity into National Bank, Eurobank, Alpha and Piraeus Bank. The banks gained 18 billion Euros for further recapitalization, the Finance Ministry added.

Tue, 29 May 2012 08:24:00 GMT

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