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Euro up 0.5% against Dollar and Yen

Euro up 0.5% against Dollar and Yen (Reuters)

The euro rose on Monday, after European Central Bank (ECB) President Mario Draghi affirmed during the weekend that he saw no need to cut the euro’s main interest rate further, nor signs of deflation in the euro zone. Additionally, many euro-zone banks have been repatriating funds in anticipation of the ECB Asset Quality Review. The euro was at $1.3814 and 145.10 yen today.

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