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Euro Off To Rocky Start for 2012
By: Barbara Zigah The 10-year anniversary of the Euro came and went on Sunday with very little fanfare, as reasons to celebrate the common currency appear far and few between. Political leaders continued to urge the bloc’s various governments to ensure that they work to find a resolution to the ongoing debt crisis and save the Euro. Wolfgang Schaeuble, the German Minister of Finance, said that the Euro was still “a clear success story,” despite the fact that it remains extremely vulnerable to headline news. As reported at 2:48 p.m. (JST) in Tokyo, the Euro was trading against the U.S. Dollar at 1.2932, a 0.16% decline from the previous close of 1.2952 and well off the 2011 high of 1.4247. On Friday, the last trading day of 2011, the common currency also … Read entire article »
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